Lakeland Industries, Inc. (NASDAQ:LAKE) Holdings Lowered by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 11.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,800 shares of the medical instruments supplier’s stock after selling 1,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Lakeland Industries were worth $145,000 at the end of the most recent reporting period.

Separately, Barclays PLC bought a new stake in shares of Lakeland Industries in the 3rd quarter worth approximately $53,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Lakeland Industries Stock Up 3.4 %

LAKE stock opened at $17.66 on Wednesday. Lakeland Industries, Inc. has a 52-week low of $10.62 and a 52-week high of $19.66. The company’s 50 day simple moving average is $16.90 and its 200-day simple moving average is $16.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.53 and a quick ratio of 2.74. The firm has a market capitalization of $130.33 million, a P/E ratio of 24.87 and a beta of 0.49.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Wednesday, April 10th. The medical instruments supplier reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). Lakeland Industries had a net margin of 4.33% and a return on equity of 6.63%. The firm had revenue of $31.20 million for the quarter, compared to analyst estimates of $32.50 million. As a group, equities research analysts anticipate that Lakeland Industries, Inc. will post 1.75 EPS for the current year.

Lakeland Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. Lakeland Industries’s dividend payout ratio is currently 16.90%.

Analysts Set New Price Targets

LAKE has been the topic of a number of research reports. Maxim Group initiated coverage on shares of Lakeland Industries in a report on Wednesday, April 24th. They issued a “buy” rating and a $22.00 target price on the stock. StockNews.com downgraded shares of Lakeland Industries from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, TheStreet upgraded shares of Lakeland Industries from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.