Quadrature Capital Ltd Takes Position in Lakeland Industries, Inc. (NASDAQ:LAKE)

Quadrature Capital Ltd bought a new stake in Lakeland Industries, Inc. (NASDAQ:LAKE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,684 shares of the medical instruments supplier’s stock, valued at approximately $236,000. Quadrature Capital Ltd owned 0.17% of Lakeland Industries at the end of the most recent quarter.

Separately, Barclays PLC purchased a new position in Lakeland Industries in the 3rd quarter valued at about $53,000. 71.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lakeland Industries news, CEO James M. Jenkins acquired 2,085 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $23.98 per share, with a total value of $49,998.30. Following the transaction, the chief executive officer now directly owns 75,728 shares in the company, valued at $1,815,957.44. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Maxim Group increased their price target on Lakeland Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, June 6th. StockNews.com downgraded shares of Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $22.65 on Thursday. The stock has a market capitalization of $167.16 million, a price-to-earnings ratio of 30.20 and a beta of 0.50. Lakeland Industries, Inc. has a one year low of $13.63 and a one year high of $24.80. The company’s 50-day simple moving average is $19.11 and its 200-day simple moving average is $17.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 5.39.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Wednesday, April 10th. The medical instruments supplier reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). Lakeland Industries had a return on equity of 6.84% and a net margin of 4.34%. The firm had revenue of $31.20 million for the quarter, compared to the consensus estimate of $32.50 million. Equities analysts anticipate that Lakeland Industries, Inc. will post 1.39 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.12 annualized dividend and a yield of 0.53%. Lakeland Industries’s payout ratio is 16.00%.

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.