Lakeland Industries, Inc. (NASDAQ:LAKE – Get Free Report) CEO James M. Jenkins bought 990 shares of Lakeland Industries stock in a transaction dated Monday, December 30th. The shares were bought at an average price of $25.35 per share, for a total transaction of $25,096.50. Following the completion of the transaction, the chief executive officer now directly owns 990 shares of the company’s stock, valued at $25,096.50. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
Lakeland Industries Trading Down 1.3 %
LAKE stock traded down $0.33 during midday trading on Tuesday, reaching $25.17. The company’s stock had a trading volume of 27,282 shares, compared to its average volume of 39,071. The business’s 50-day simple moving average is $21.72 and its 200-day simple moving average is $21.96. The company has a quick ratio of 2.00, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. Lakeland Industries, Inc. has a 52 week low of $15.10 and a 52 week high of $26.10. The stock has a market cap of $186.41 million, a PE ratio of -279.67 and a beta of 0.63.
Lakeland Industries Announces Dividend
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 annualized dividend and a dividend yield of 0.48%. Lakeland Industries’s dividend payout ratio is currently -133.33%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Roth Mkm upped their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.
Check Out Our Latest Research Report on Lakeland Industries
Institutional Investors Weigh In On Lakeland Industries
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its stake in Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lakeland Industries by 1.6% in 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. Huntington National Bank acquired a new stake in Lakeland Industries during the 3rd quarter worth $41,000. High Falls Advisors Inc grew its stake in Lakeland Industries by 35.8% in the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares during the period. Finally, Inspire Advisors LLC bought a new stake in shares of Lakeland Industries in the second quarter worth about $222,000. Institutional investors own 71.69% of the company’s stock.
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.
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