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

Empowered Funds LLC boosted its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE) by 4.6% in the third quarter, Holdings Channel reports. The institutional investor owned 12,129 shares of the medical instruments supplier’s stock after buying an additional 536 shares during the period. Empowered Funds LLC’s holdings in Lakeland Industries were worth $244,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP grew its position in shares of Lakeland Industries by 2.5% in 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 during the last quarter. Renaissance Technologies LLC raised its position in shares of Lakeland Industries by 2.7% during the second 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 last quarter. Total Clarity Wealth Management Inc. bought a new position in shares of Lakeland Industries during the second quarter worth about $597,000. High Falls Advisors Inc boosted its holdings in Lakeland Industries by 35.8% in 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 last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Lakeland Industries by 47.0% in the first quarter. Quadrature Capital Ltd now owns 18,641 shares of the medical instruments supplier’s stock valued at $339,000 after acquiring an additional 5,957 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $22.10 on Wednesday. The business has a 50-day moving average price of $20.24 and a two-hundred day moving average price of $21.27. Lakeland Industries, Inc. has a 1-year low of $14.02 and a 1-year high of $26.10. The company has a current ratio of 4.24, a quick ratio of 2.00 and a debt-to-equity ratio of 0.24. The company has a market cap of $163.47 million, a P/E ratio of 92.08 and a beta of 0.57.

Lakeland Industries (NASDAQ:LAKE) last announced 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). The business had revenue of $38.51 million for the quarter, compared to the consensus estimate of $41.10 million. Lakeland Industries had a net margin of 1.38% and a return on equity of 3.70%. During the same quarter in the previous year, the company earned $0.32 EPS. As a group, analysts anticipate that Lakeland Industries, Inc. will post 0.96 EPS for the current year.

Lakeland Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.