Empowered Funds LLC Acquires 536 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE)

Empowered Funds LLC raised its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,129 shares of the medical instruments supplier’s stock after purchasing an additional 536 shares during the period. Empowered Funds LLC owned approximately 0.16% of Lakeland Industries worth $244,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. acquired a new stake in shares of Lakeland Industries during the 2nd quarter worth $597,000. Inspire Advisors LLC bought a new stake in Lakeland Industries during the second quarter worth about $222,000. Quadrature Capital Ltd grew its stake in Lakeland Industries by 47.0% during the first quarter. Quadrature Capital Ltd now owns 18,641 shares of the medical instruments supplier’s stock worth $339,000 after buying an additional 5,957 shares in the last quarter. Renaissance Technologies LLC increased 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 valued at $11,452,000 after buying an additional 13,200 shares during the period. Finally, High Falls Advisors Inc increased its holdings in 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 during the period. Institutional investors own 71.69% of the company’s stock.

Lakeland Industries Price Performance

Lakeland Industries stock opened at $22.10 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.00 and a current ratio of 4.24. Lakeland Industries, Inc. has a 52 week low of $14.02 and a 52 week high of $26.10. The stock has a market capitalization of $163.47 million, a P/E ratio of 92.08 and a beta of 0.57. The stock has a fifty day moving average of $20.24 and a 200-day moving average of $21.27.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Wednesday, September 4th. The medical instruments supplier reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.61). Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. The business had revenue of $38.51 million for the quarter, compared to analyst estimates of $41.10 million. During the same period in the previous year, the firm posted $0.32 EPS. On average, sell-side analysts expect that Lakeland Industries, Inc. will post 0.96 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given 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 0.54%. Lakeland Industries’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

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.