Lakeland Industries, Inc. (NASDAQ:LAKE) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC decreased its position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 40.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,740 shares of the medical instruments supplier's stock after selling 213,875 shares during the period. Lakeland Industries makes up approximately 1.7% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 11th biggest position. Pacific Ridge Capital Partners LLC owned 4.23% of Lakeland Industries worth $7,151,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in Lakeland Industries by 6.9% during 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 in the last quarter. North Star Investment Management Corp. grew its holdings in shares of Lakeland Industries by 0.9% in the first quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier's stock valued at $3,085,000 after purchasing an additional 1,503 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Lakeland Industries by 37.2% in the first quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier's stock worth $196,000 after purchasing an additional 2,900 shares during the last quarter. Quadrature Capital Ltd raised its stake in Lakeland Industries by 47.0% during the first quarter. Quadrature Capital Ltd now owns 18,641 shares of the medical instruments supplier's stock valued at $339,000 after purchasing an additional 5,957 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in Lakeland Industries during the second quarter valued at $222,000. 71.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LAKE shares. StockNews.com upgraded shares of Lakeland Industries from a "sell" rating to a "hold" rating in a report on Friday. Roth Mkm boosted their price objective on Lakeland Industries from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. Finally, Maxim Group upped their price objective on Lakeland Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, June 6th.

Lakeland Industries Trading Down 0.5 %

LAKE stock traded down $0.11 during mid-day trading on Friday, reaching $20.18. 27,232 shares of the stock traded hands, compared to its average volume of 37,549. The business has a 50-day moving average price of $22.48 and a two-hundred day moving average price of $20.23. The stock has a market capitalization of $148.89 million, a PE ratio of 26.91 and a beta of 0.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.00 and a current ratio of 4.24. Lakeland Industries, Inc. has a one year low of $13.86 and a one year high of $26.10.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its quarterly earnings data 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). Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. The firm had revenue of $38.51 million during the quarter, compared to analysts' expectations of $41.10 million. During the same period last year, the company earned $0.32 earnings per share. Equities research analysts expect that Lakeland Industries, Inc. will post 0.96 EPS for the current year.

Lakeland Industries Dividend Announcement

The firm also recently disclosed 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 0.59%. The ex-dividend date of this dividend was Thursday, August 15th. Lakeland Industries's dividend payout ratio (DPR) 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.