James M. Jenkins Buys 1,136 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins bought 1,136 shares of Lakeland Industries stock in a transaction dated Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, with a total value of $24,992.00. Following the completion of the acquisition, the chief executive officer now owns 66,830 shares of the company’s stock, valued at $1,470,260. This represents a 1.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lakeland Industries Trading Down 0.3 %

Shares of Lakeland Industries stock traded down $0.07 on Friday, hitting $22.73. The stock had a trading volume of 197,838 shares, compared to its average volume of 109,616. The stock’s 50-day simple moving average is $23.67 and its two-hundred day simple moving average is $22.33. Lakeland Industries, Inc. has a one year low of $15.10 and a one year high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The stock has a market cap of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. As a group, sell-side analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a $0.03 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.53%. Lakeland Industries’s dividend payout ratio is currently -133.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its position in shares of Lakeland Industries by 2.5% in the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after purchasing an additional 17,579 shares during the last quarter. Barclays PLC purchased a new position in Lakeland Industries in the third quarter worth about $306,000. High Falls Advisors Inc lifted its stake in shares of Lakeland Industries by 46.2% in the third quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock worth $572,000 after buying an additional 9,000 shares in the last quarter. Diversified Investment Strategies LLC increased its position in shares of Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Huntington National Bank purchased a new position in Lakeland Industries in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LAKE. StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Roth Mkm raised their price target on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th.

About Lakeland Industries

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.