Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) Director Acquires 2,220 Shares of Stock

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) Director Nikki Hamblin acquired 2,220 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $23.08 per share, with a total value of $51,237.60. Following the completion of the transaction, the director now directly owns 15,862 shares of the company's stock, valued at $366,094.96. This trade represents a 16.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lakeland Industries Price Performance

Shares of LAKE stock traded up $0.37 during trading hours on Friday, reaching $24.72. The stock had a trading volume of 65,674 shares, compared to its average volume of 39,032. The stock's fifty day simple moving average is $21.64 and its 200 day simple moving average is $21.95. The company has a current ratio of 4.23, a quick ratio of 2.00 and a debt-to-equity ratio of 0.25. Lakeland Industries, Inc. has a 12 month low of $15.10 and a 12 month high of $26.10. The firm has a market capitalization of $183.08 million, a PE ratio of -274.67 and a beta of 0.63.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, November 15th. Lakeland Industries's dividend payout ratio is currently -133.33%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank purchased a new stake in Lakeland Industries in the third quarter valued at approximately $41,000. Inspire Advisors LLC purchased a new stake in Lakeland Industries in the second quarter valued at approximately $222,000. Empowered Funds LLC raised 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. Barclays PLC purchased a new stake in Lakeland Industries in the third quarter valued at approximately $306,000. Finally, High Falls Advisors Inc raised 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 purchasing an additional 5,137 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.