Geode Capital Management LLC Buys 1,177 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE)

Geode Capital Management LLC boosted its position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,273 shares of the medical instruments supplier’s stock after acquiring an additional 1,177 shares during the period. Geode Capital Management LLC owned approximately 1.00% of Lakeland Industries worth $1,493,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares during the period. Huntington National Bank bought a new stake in Lakeland Industries in the 3rd quarter valued at $41,000. High Falls Advisors Inc raised its stake in shares of 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. Inspire Advisors LLC acquired a new position in shares of Lakeland Industries in the 2nd quarter valued at $222,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Lakeland Industries by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock worth $11,452,000 after acquiring an additional 13,200 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LAKE. StockNews.com cut Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Roth Mkm increased their price target on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th.

Insider Buying and Selling at Lakeland Industries

In other Lakeland Industries news, CEO James M. Jenkins bought 990 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of $25.35 per share, with a total value of $25,096.50. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nikki Hamblin acquired 2,220 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $23.08 per share, with a total value of $51,237.60. Following the transaction, the director now directly owns 15,862 shares of the company’s stock, valued at $366,094.96. This represents a 16.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $25.15 on Thursday. The firm has a market cap of $186.26 million, a P/E ratio of -279.44 and a beta of 0.60. Lakeland Industries, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $26.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $22.43 and a 200 day simple moving average of $22.08.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.48%. Lakeland Industries’s dividend payout ratio is presently -133.33%.

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.