Barclays PLC Makes New Investment in Lakeland Industries, Inc. (NASDAQ:LAKE)

Barclays PLC acquired a new position in Lakeland Industries, Inc. (NASDAQ:LAKE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,234 shares of the medical instruments supplier’s stock, valued at approximately $306,000. Barclays PLC owned 0.21% of Lakeland Industries as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. purchased a new position in Lakeland Industries during the second quarter valued at approximately $597,000. Royce & Associates LP lifted its stake in shares of Lakeland Industries by 2.5% during the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock valued at $14,677,000 after buying an additional 17,579 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Lakeland Industries by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock worth $11,452,000 after buying an additional 13,200 shares during the period. Inspire Advisors LLC purchased a new stake in Lakeland Industries in the 2nd quarter worth $222,000. Finally, High Falls Advisors Inc raised its holdings in Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Lakeland Industries news, CEO James M. Jenkins purchased 990 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $25.35 per share, with a total value of $25,096.50. Following the acquisition, the chief executive officer now owns 990 shares in the company, valued at approximately $25,096.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nikki Hamblin purchased 2,220 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $23.08 per share, with a total value of $51,237.60. Following the transaction, the director now owns 15,862 shares of the company’s stock, valued at $366,094.96. This represents a 16.27 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

LAKE has been the subject of several research analyst reports. 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 report on Tuesday, December 17th. StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Lakeland Industries Trading Up 0.3 %

Shares of LAKE stock opened at $25.89 on Friday. The company has a current ratio of 4.23, a quick ratio of 2.00 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $191.74 million, a price-to-earnings ratio of -287.67 and a beta of 0.60. Lakeland Industries, Inc. has a 12-month low of $15.10 and a 12-month high of $26.36. The stock’s 50-day moving average price is $22.10 and its 200-day moving average price is $22.04.

Lakeland Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.46%. Lakeland Industries’s dividend payout ratio (DPR) is -133.33%.

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.