First Eagle Investment Management LLC Acquires Shares of 22,352 Lakeland Industries, Inc. (NASDAQ:LAKE)

First Eagle Investment Management LLC bought a new position in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,352 shares of the medical instruments supplier's stock, valued at approximately $571,000. First Eagle Investment Management LLC owned about 0.24% of Lakeland Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in Lakeland Industries during the fourth quarter valued at approximately $36,000. Huntington National Bank acquired a new stake in Lakeland Industries during the third quarter valued at approximately $41,000. Metis Global Partners LLC acquired a new stake in Lakeland Industries during the fourth quarter valued at approximately $207,000. Empowered Funds LLC lifted 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 valued at $244,000 after purchasing an additional 536 shares during the last quarter. Finally, Barclays PLC acquired a new stake in Lakeland Industries during the third quarter valued at approximately $306,000. Institutional investors own 71.69% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Mkm increased their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Lake Street Capital began coverage on Lakeland Industries in a report on Tuesday, March 11th. They issued a "buy" rating and a $30.00 target price for the company.

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Insider Activity at Lakeland Industries

In other Lakeland Industries news, insider Laurel A. Yartz purchased 2,272 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $49,984.00. Following the purchase, the insider now owns 9,772 shares of the company's stock, valued at approximately $214,984. This represents a 30.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO An Hui purchased 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the completion of the purchase, the chief operating officer now directly owns 53,912 shares in the company, valued at approximately $1,186,064. The trade was a 3.85 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 11,208 shares of company stock valued at $253,520 over the last quarter. Corporate insiders own 4.20% of the company's stock.

Lakeland Industries Stock Up 0.1 %

Shares of NASDAQ LAKE traded up $0.02 during mid-day trading on Thursday, reaching $19.00. The company had a trading volume of 160,817 shares, compared to its average volume of 55,395. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The stock has a market capitalization of $180.48 million, a PE ratio of -211.11 and a beta of 0.96. The stock's 50 day moving average is $23.35 and its 200-day moving average is $22.15.

Lakeland Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 17th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, February 14th. Lakeland Industries's dividend payout ratio is currently -133.33%.

Lakeland Industries Company Profile

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.