Barclays PLC Acquires New Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

Barclays PLC acquired a new position in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,234 shares of the medical instruments supplier's stock, valued at approximately $306,000. Barclays PLC owned approximately 0.21% of Lakeland Industries as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LAKE. Royce & Associates LP increased its position in shares of Lakeland Industries by 2.5% in the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier's stock worth $14,677,000 after acquiring an additional 17,579 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Lakeland Industries by 2.7% in the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier's stock worth $11,452,000 after acquiring an additional 13,200 shares in the last quarter. High Falls Advisors Inc grew its holdings in 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 valued at $572,000 after purchasing an additional 9,000 shares in the last quarter. Huntington National Bank acquired a new stake in Lakeland Industries during the 3rd quarter valued at $41,000. Finally, 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 purchasing an additional 1,177 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LAKE shares. Roth Mkm raised their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. StockNews.com lowered shares of Lakeland Industries from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th.

Insiders Place Their Bets

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

Lakeland Industries Stock Up 0.6 %

LAKE stock traded up $0.15 during mid-day trading on Monday, hitting $26.03. 29,866 shares of the company were exchanged, compared to its average volume of 50,712. The company has a market capitalization of $192.88 million, a PE ratio of -289.22 and a beta of 0.60. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $26.64. The firm has a fifty day simple moving average of $23.28 and a 200 day simple moving average of $22.26.

Lakeland Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.46%. The ex-dividend date was Friday, November 15th. Lakeland Industries's dividend payout ratio is currently -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.