James M. Jenkins Purchases 990 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins acquired 990 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $25.35 per share, with a total value of $25,096.50. Following the acquisition, the chief executive officer now owns 990 shares in the company, valued at approximately $25,096.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lakeland Industries Price Performance

Shares of Lakeland Industries stock opened at $25.55 on Thursday. The firm has a market cap of $189.22 million, a PE ratio of -283.89 and a beta of 0.63. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $26.10. The company has a quick ratio of 2.00, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $21.89 and a 200 day moving average price of $22.01.

Lakeland Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s payout ratio is -133.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LAKE. Barclays PLC acquired a new position in Lakeland Industries during the third quarter worth $306,000. Geode Capital Management LLC increased its stake in shares of Lakeland Industries by 1.6% during the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after purchasing an additional 1,177 shares in the last quarter. High Falls Advisors Inc raised its position in shares of Lakeland Industries by 46.2% during the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock worth $572,000 after purchasing an additional 9,000 shares during the last quarter. Empowered Funds LLC lifted its stake in Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after buying an additional 536 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Lakeland Industries by 2.5% in the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock valued at $14,677,000 after buying an additional 17,579 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Wall Street Analysts Forecast Growth

LAKE has been the subject of a number of analyst reports. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm boosted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

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.