Lakeland Industries, Inc. (NASDAQ:LAKE) Shares Acquired by Royce & Associates LP

Royce & Associates LP raised its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 851,980 shares of the medical instruments supplier's stock after acquiring an additional 121,760 shares during the period. Royce & Associates LP owned approximately 8.97% of Lakeland Industries worth $21,768,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LAKE. Peapod Lane Capital LLC purchased a new position in shares of Lakeland Industries during the 4th quarter worth approximately $2,018,000. Geode Capital Management LLC raised its position in Lakeland Industries by 1.6% in the third 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 during the period. Bank of New York Mellon Corp boosted its position in shares of Lakeland Industries by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 46,001 shares of the medical instruments supplier's stock worth $1,175,000 after buying an additional 2,928 shares during the period. D.A. Davidson & CO. boosted its position in shares of Lakeland Industries by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier's stock worth $1,121,000 after buying an additional 698 shares during the period. Finally, Diversified Investment Strategies LLC grew its stake 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 valued at $830,000 after buying an additional 7,500 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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Lakeland Industries Stock Up 0.1 %

Shares of NASDAQ LAKE traded up $0.02 during mid-day trading on Thursday, hitting $19.00. The company had a trading volume of 160,817 shares, compared to its average volume of 55,395. The company has a market capitalization of $180.48 million, a PE ratio of -211.11 and a beta of 0.96. The business's 50-day simple moving average is $23.35 and its 200 day simple moving average is $22.15. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $27.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77.

Lakeland Industries Dividend Announcement

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

Insiders Place Their Bets

In other Lakeland Industries news, insider Laurel A. Yartz purchased 2,272 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were bought at an average cost of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the purchase, the insider now directly owns 9,772 shares in the company, valued at approximately $214,984. This represents a 30.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nikki Hamblin acquired 1,590 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, with a total value of $34,980.00. Following the completion of the transaction, the director now owns 17,452 shares in the company, valued at approximately $383,944. This represents a 10.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 11,208 shares of company stock worth $253,520 in the last 90 days. Corporate insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.