Lakeland Industries, Inc. (NASDAQ:LAKE) Short Interest Update

Lakeland Industries, Inc. (NASDAQ:LAKEGet Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 117,200 shares, a decrease of 22.9% from the January 15th total of 152,100 shares. Based on an average trading volume of 70,900 shares, the short-interest ratio is presently 1.7 days.

Insider Activity

In other news, CEO James M. Jenkins bought 990 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of $25.35 per share, with a total value of $25,096.50. Following the completion of the transaction, the chief executive officer now directly owns 990 shares of the company’s stock, valued at $25,096.50. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laurel A. Yartz bought 2,272 shares of the stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the purchase, the insider now owns 9,772 shares of the company’s stock, valued at approximately $214,984. This trade represents a 30.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 11,208 shares of company stock valued at $253,520 in the last three months. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Lakeland Industries

A number of hedge funds have recently made changes to their positions in LAKE. 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 worth $244,000 after purchasing an additional 536 shares during the last quarter. D.A. Davidson & CO. lifted its position in Lakeland Industries by 1.6% in the 4th 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 last quarter. Geode Capital Management LLC lifted its position in Lakeland Industries by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after buying an additional 1,177 shares during the last quarter. IFP Advisors Inc bought a new position in Lakeland Industries during the fourth quarter valued at approximately $36,000. Finally, American Century Companies Inc. raised its stake in shares of Lakeland Industries by 16.3% during the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier’s stock worth $358,000 after acquiring an additional 1,965 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

Lakeland Industries Trading Up 0.2 %

Lakeland Industries stock opened at $24.49 on Friday. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. Lakeland Industries has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The firm’s fifty day moving average price is $24.21 and its 200-day moving average price is $22.39.

Lakeland Industries (NASDAQ:LAKEGet Free Report) last issued its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (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%. As a group, analysts forecast that Lakeland Industries will post 0.48 earnings per share for the current year.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 17th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is currently -133.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Roth Mkm boosted their price target 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. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

Get Our Latest Stock Report on LAKE

About Lakeland Industries

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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.

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