Lakeland Industries, Inc. (NASDAQ:LAKE – Get Free Report) Director Nikki Hamblin bought 1,590 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the transaction, the director now owns 17,452 shares of the company’s stock, valued at $383,944. The trade was a 10.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Nikki Hamblin also recently made the following trade(s):
- On Monday, December 23rd, Nikki Hamblin acquired 2,220 shares of Lakeland Industries stock. The shares were purchased at an average cost of $23.08 per share, for a total transaction of $51,237.60.
Lakeland Industries Price Performance
LAKE opened at $22.73 on Monday. Lakeland Industries, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The firm has a 50-day moving average of $23.72 and a 200 day moving average of $22.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The firm has a market cap of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60.
Lakeland Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.53%. Lakeland Industries’s dividend payout ratio is presently -133.33%.
Analyst Ratings Changes
Several research analysts recently weighed in on LAKE shares. Roth Mkm boosted their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.
Check Out Our Latest Stock Report on Lakeland Industries
Institutional Investors Weigh In On Lakeland Industries
Large investors have recently added to or reduced their stakes in the company. Huntington National Bank bought a new position in Lakeland Industries during the third quarter worth about $41,000. Empowered Funds LLC lifted 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 valued at $244,000 after buying an additional 536 shares in the last quarter. Barclays PLC bought a new position in Lakeland Industries in the 3rd quarter worth approximately $306,000. High Falls Advisors Inc grew its stake in Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after buying an additional 5,137 shares in the last quarter. Finally, Diversified Investment Strategies LLC raised its holdings in Lakeland Industries by 30.0% during the 4th quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after acquiring an additional 7,500 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.
Lakeland Industries Company 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.
Featured Articles
- Five stocks we like better than Lakeland Industries
- Upcoming IPO Stock Lockup Period, Explained
- MP Materials: Rare Earth Elements Powering the EV Boom
- How to Invest in the FAANG Stocks
- Verizon’s Turnaround Gains Traction: New Highs Are Likely in 2025
- Business Services Stocks Investing
- Bloom Energy: Powering the Future With Decentralized Energy
Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.