Barclays PLC Invests $306,000 in Lakeland Industries, Inc. (NASDAQ:LAKE)

Barclays PLC purchased a new stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,234 shares of the medical instruments supplier’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Huntington National Bank purchased a new stake in shares of Lakeland Industries during the third quarter worth $41,000. Empowered Funds LLC lifted its holdings in Lakeland Industries by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after purchasing an additional 536 shares in the last quarter. High Falls Advisors Inc boosted its stake in Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after purchasing an additional 5,137 shares during the period. Geode Capital Management LLC grew its holdings in Lakeland Industries by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after buying an additional 1,177 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Lakeland Industries by 2.7% during the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock valued at $11,452,000 after buying an additional 13,200 shares during the period. 71.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on LAKE shares. StockNews.com cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Roth Mkm increased their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th.

Insiders Place Their Bets

In other Lakeland Industries news, Director Nikki Hamblin purchased 2,220 shares of the stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $23.08 per share, with a total value of $51,237.60. Following the completion of the purchase, the director now directly owns 15,862 shares of the company’s stock, valued at approximately $366,094.96. This trade represents a 16.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James M. Jenkins purchased 990 shares of the business’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $25.35 per share, with a total value of $25,096.50. Following the completion of the transaction, the chief executive officer now owns 990 shares of the company’s stock, valued at approximately $25,096.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

Lakeland Industries Price Performance

LAKE stock opened at $26.03 on Monday. The firm has a 50 day simple moving average of $23.28 and a two-hundred day simple moving average of $22.26. The stock has a market cap of $192.78 million, a PE ratio of -289.22 and a beta of 0.60. Lakeland Industries, Inc. has a one year low of $15.10 and a one year high of $26.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77.

Lakeland Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.46%. Lakeland Industries’s payout ratio is -133.33%.

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.