Peapod Lane Capital LLC Takes Position in Lakeland Industries, Inc. (NASDAQ:LAKE)

Peapod Lane Capital LLC acquired a new stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,964 shares of the medical instruments supplier’s stock, valued at approximately $2,018,000. Lakeland Industries accounts for about 2.0% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 19th largest holding. Peapod Lane Capital LLC owned about 1.07% of Lakeland Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new position in shares of Lakeland Industries in the third quarter worth approximately $41,000. Empowered Funds LLC raised its position in Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after acquiring an additional 536 shares during the period. Barclays PLC purchased a new position in shares of Lakeland Industries during the 3rd quarter worth $306,000. High Falls Advisors Inc grew its position in shares of Lakeland Industries by 46.2% during the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock valued at $572,000 after acquiring an additional 9,000 shares during the period. Finally, Diversified Investment Strategies LLC increased its stake in shares of Lakeland Industries by 30.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Trading Down 0.3 %

Shares of LAKE stock opened at $24.45 on Thursday. The stock has a fifty day simple moving average of $24.18 and a two-hundred day simple moving average of $22.38. Lakeland Industries, Inc. has a 52-week low of $15.10 and a 52-week high of $27.28. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. As a group, analysts forecast that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 17th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, February 14th. This represents a $0.12 annualized dividend and a yield of 0.49%. Lakeland Industries’s payout ratio is -133.33%.

Analyst Ratings Changes

Several research firms have recently commented on LAKE. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. 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 report on Tuesday, December 17th.

Insider Buying and Selling at Lakeland Industries

In other news, Director Nikki Hamblin bought 1,590 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the transaction, the director now owns 17,452 shares of the company’s stock, valued at $383,944. The trade was a 10.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO An Hui purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $44,000.00. Following the purchase, the chief operating officer now owns 53,912 shares of the company’s stock, valued at $1,186,064. This represents a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,208 shares of company stock worth $253,520. Insiders own 4.20% of the company’s stock.

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.