Bank of New York Mellon Corp Has $1.18 Million Stock Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

Bank of New York Mellon Corp grew its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,001 shares of the medical instruments supplier’s stock after purchasing an additional 2,928 shares during the period. Bank of New York Mellon Corp owned approximately 0.48% of Lakeland Industries worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LAKE. Empowered Funds LLC increased its position in Lakeland Industries by 4.6% in 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. D.A. Davidson & CO. grew its stake in Lakeland Industries by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier’s stock valued at $1,121,000 after acquiring an additional 698 shares during the period. Geode Capital Management LLC grew its stake 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 acquiring an additional 1,177 shares during the period. IFP Advisors Inc bought a new stake in shares of Lakeland Industries during the fourth quarter valued at approximately $36,000. Finally, Diversified Investment Strategies LLC raised its position in shares of Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after purchasing an additional 7,500 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

Wall Street Analysts Forecast Growth

LAKE has been the subject of several research reports. Roth Mkm lifted their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Lake Street Capital assumed coverage on shares of Lakeland Industries in a research note on Tuesday, March 11th. They issued a “buy” rating and a $30.00 price objective on the stock.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $21.09 on Tuesday. Lakeland Industries, Inc. has a 52 week low of $15.10 and a 52 week high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $22.98 and a 200-day moving average price of $22.06. The company has a market cap of $200.33 million, a PE ratio of -234.33 and a beta of 0.96.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Insider Buying and Selling at Lakeland Industries

In other Lakeland Industries news, COO An Hui acquired 2,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average price of $22.00 per share, with a total value of $44,000.00. Following the completion of the transaction, the chief operating officer now owns 53,912 shares in the company, valued at approximately $1,186,064. This trade represents a 3.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James M. Jenkins bought 990 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of $25.35 per share, with a total value of $25,096.50. Following the completion of the transaction, 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 disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,988 shares of company stock worth $202,283. Corporate insiders own 4.20% of the company’s stock.

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.