Peapod Lane Capital LLC Makes New $2.02 Million Investment in Lakeland Industries, Inc. (NASDAQ:LAKE)

Peapod Lane Capital LLC purchased a new stake in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 78,964 shares of the medical instruments supplier's stock, valued at approximately $2,018,000. Lakeland Industries accounts for 2.0% of Peapod Lane Capital LLC's investment portfolio, making the stock its 19th biggest position. Peapod Lane Capital LLC owned 1.07% of Lakeland Industries at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Huntington National Bank bought a new position in shares of Lakeland Industries during the third quarter worth about $41,000. Empowered Funds LLC grew its stake in shares of Lakeland Industries by 4.6% during the 3rd 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. Barclays PLC bought a new position in shares of Lakeland Industries during the 3rd quarter worth approximately $306,000. High Falls Advisors Inc raised its holdings in shares of Lakeland Industries by 46.2% in the third 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 during the last quarter. Finally, Diversified Investment Strategies LLC lifted its position in shares of Lakeland Industries by 30.0% in the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier's stock worth $830,000 after purchasing an additional 7,500 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

Lakeland Industries Stock Down 1.9 %

Shares of NASDAQ LAKE traded down $0.46 during trading hours on Monday, hitting $24.03. The company had a trading volume of 20,528 shares, compared to its average volume of 117,908. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average is $24.24 and its 200-day moving average is $22.38. The stock has a market capitalization of $228.29 million, a P/E ratio of -267.00 and a beta of 0.62.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. On average, analysts expect that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 17th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, February 14th. Lakeland Industries's payout ratio is currently -133.33%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, insider Laurel A. Yartz bought 2,272 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the purchase, the insider now owns 9,772 shares in the company, valued at $214,984. This represents a 30.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nikki Hamblin bought 2,220 shares of Lakeland Industries stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $23.08 per share, with a total value of $51,237.60. Following the acquisition, the director now directly owns 15,862 shares in the company, valued at $366,094.96. This trade represents a 16.27 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,208 shares of company stock valued at $253,520 over the last 90 days. 4.20% of the stock is currently owned by insiders.

Lakeland Industries 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.