Geode Capital Management LLC Has $1.49 Million Stock Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

Geode Capital Management LLC lifted its stake in Lakeland Industries, Inc. (NASDAQ:LAKE) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,273 shares of the medical instruments supplier’s stock after acquiring an additional 1,177 shares during the quarter. Geode Capital Management LLC’s holdings in Lakeland Industries were worth $1,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LAKE. Inspire Advisors LLC acquired a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $222,000. Total Clarity Wealth Management Inc. bought a new position in shares of Lakeland Industries in the second quarter valued at $597,000. Renaissance Technologies LLC increased its holdings 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 worth $11,452,000 after buying an additional 13,200 shares during the last quarter. High Falls Advisors Inc raised its position 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 acquiring an additional 5,137 shares in the last quarter. Finally, Huntington National Bank bought a new position in shares of Lakeland Industries in the 3rd quarter valued at about $41,000. Institutional investors own 71.69% of the company’s stock.

Insider Activity

In other news, Director Nikki Hamblin purchased 2,220 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $23.08 per share, for a total transaction of $51,237.60. Following the completion of the acquisition, the director now owns 15,862 shares in the company, valued at approximately $366,094.96. The trade was 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 acquired 990 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of $25.35 per share, with a total value of $25,096.50. Following the acquisition, the chief executive officer now owns 990 shares of the company’s stock, valued at approximately $25,096.50. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

Lakeland Industries Trading Up 1.3 %

Shares of LAKE opened at $25.15 on Thursday. The firm has a market cap of $186.26 million, a price-to-earnings ratio of -279.44 and a beta of 0.60. 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. The business’s fifty day moving average is $22.43 and its 200-day moving average is $22.08.

Lakeland Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, November 15th. Lakeland Industries’s dividend payout ratio is currently -133.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LAKE. StockNews.com cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm upped their price objective on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

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.