American Century Companies Inc. Has $277,000 Stock Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

American Century Companies Inc. lessened its holdings in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 64.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,071 shares of the medical instruments supplier’s stock after selling 21,902 shares during the period. American Century Companies Inc. owned 0.16% of Lakeland Industries worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LAKE. Quadrature Capital Ltd acquired a new stake in Lakeland Industries during the 4th quarter worth $236,000. North Star Investment Management Corp. grew its holdings in shares of Lakeland Industries by 0.9% in the 1st quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier’s stock valued at $3,085,000 after buying an additional 1,503 shares during the period. Empowered Funds LLC grew its holdings in shares of Lakeland Industries by 6.9% in the 1st quarter. Empowered Funds LLC now owns 10,873 shares of the medical instruments supplier’s stock valued at $199,000 after buying an additional 700 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Lakeland Industries by 37.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier’s stock valued at $196,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

Wall Street Analysts Forecast Growth

LAKE has been the subject of several research analyst reports. StockNews.com raised shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Roth Mkm boosted their price target on shares of Lakeland Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd.

Lakeland Industries Price Performance

Shares of NASDAQ LAKE opened at $19.25 on Friday. The firm has a market cap of $142.03 million, a PE ratio of 25.67 and a beta of 0.55. The company has a current ratio of 4.24, a quick ratio of 2.00 and a debt-to-equity ratio of 0.24. Lakeland Industries, Inc. has a 1-year low of $13.86 and a 1-year high of $26.10. The company has a fifty day moving average price of $22.14 and a 200 day moving average price of $20.34.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, September 4th. The medical instruments supplier reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The company had revenue of $38.51 million during the quarter, compared to analyst estimates of $41.10 million. Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. During the same period in the previous year, the company posted $0.32 earnings per share. Research analysts predict that Lakeland Industries, Inc. will post 0.96 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 15th. Lakeland Industries’s payout ratio is presently 16.00%.

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.