Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins Acquires 990 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins bought 990 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $25,096.50. Following the acquisition, the chief executive officer now directly owns 990 shares of the company’s stock, valued at approximately $25,096.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lakeland Industries Price Performance

Shares of NASDAQ LAKE opened at $25.55 on Wednesday. Lakeland Industries, Inc. has a 1 year low of $15.10 and a 1 year high of $26.10. The stock has a market capitalization of $189.22 million, a P/E ratio of -283.89 and a beta of 0.63. The company’s 50-day moving average is $21.72 and its 200 day moving average is $21.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 2.00.

Lakeland Industries Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after acquiring an additional 536 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $1,493,000 after buying an additional 1,177 shares during the last quarter. Huntington National Bank bought a new position in Lakeland Industries during the 3rd quarter valued at approximately $41,000. High Falls Advisors Inc raised its stake in Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after buying an additional 5,137 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in Lakeland Industries in the second quarter worth $222,000. 71.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.