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

Barclays PLC bought a new stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,234 shares of the medical instruments supplier’s stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Inspire Advisors LLC purchased a new position in Lakeland Industries during the 2nd quarter valued at $222,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Lakeland Industries during the second quarter valued at $597,000. Renaissance Technologies LLC grew its holdings in shares of Lakeland Industries by 2.7% in the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock worth $11,452,000 after purchasing an additional 13,200 shares during the last quarter. High Falls Advisors Inc increased its stake 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 worth $447,000 after buying an additional 5,137 shares during the period. Finally, Huntington National Bank bought a new stake in Lakeland Industries during the 3rd quarter valued at about $41,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Lakeland Industries Price Performance

NASDAQ LAKE opened at $25.89 on Friday. The company has a market cap of $191.74 million, a PE ratio of -287.67 and a beta of 0.60. The firm’s 50 day moving average price is $22.10 and its 200-day moving average price is $22.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.00 and a current ratio of 4.23. Lakeland Industries, Inc. has a 52-week low of $15.10 and a 52-week high of $26.36.

Lakeland Industries Dividend Announcement

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 dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.46%. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Insider Activity

In other news, Director Nikki Hamblin acquired 2,220 shares of Lakeland Industries stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $23.08 per share, for a total transaction of $51,237.60. Following the purchase, the director now directly owns 15,862 shares in the company, valued at $366,094.96. The trade was a 16.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James M. Jenkins bought 990 shares of the stock in a transaction on Monday, December 30th. The stock was purchased at an average price 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 of the company’s stock, valued at $25,096.50. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LAKE. Roth Mkm raised their target price on shares of 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 lowered 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.