Barclays PLC Makes New $306,000 Investment in Lakeland Industries, Inc. (NASDAQ:LAKE)

Barclays PLC purchased a new stake in Lakeland Industries, Inc. (NASDAQ:LAKE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,234 shares of the medical instruments supplier’s stock, valued at approximately $306,000. Barclays PLC owned 0.21% of Lakeland Industries at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Huntington National Bank acquired a new stake in Lakeland Industries during the 3rd quarter valued at approximately $41,000. 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 worth $244,000 after buying an additional 536 shares during the period. High Falls Advisors Inc raised its stake 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 worth $447,000 after buying an additional 5,137 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lakeland Industries by 1.6% in the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after buying an additional 1,177 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Lakeland Industries by 2.7% during the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock valued at $11,452,000 after acquiring an additional 13,200 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors.

Insider Activity at Lakeland Industries

In other Lakeland Industries news, Director Nikki Hamblin acquired 2,220 shares of Lakeland Industries stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $23.08 per share, for a total transaction of $51,237.60. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James M. Jenkins bought 990 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of $25.35 per share, for a total transaction of $25,096.50. Following the acquisition, the chief executive officer now directly owns 990 shares in the company, valued at $25,096.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LAKE. Roth Mkm lifted their price objective 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 downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Lakeland Industries Trading Up 0.6 %

LAKE opened at $26.03 on Monday. The company has a market cap of $192.78 million, a P/E ratio of -289.22 and a beta of 0.60. The company has a fifty day moving average price of $23.28 and a two-hundred day moving average price of $22.26. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $26.64.

Lakeland Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s dividend payout ratio is currently -133.33%.

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.