Lakeland Industries, Inc. (NASDAQ:LAKE) Stake Reduced by Captrust Financial Advisors

Captrust Financial Advisors cut its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,995 shares of the medical instruments supplier’s stock after selling 1,640 shares during the quarter. Captrust Financial Advisors owned about 0.49% of Lakeland Industries worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE raised its position in Lakeland Industries by 114.1% in the fourth quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier’s stock worth $196,000 after acquiring an additional 4,081 shares in the last quarter. Ancora Advisors LLC raised its position in Lakeland Industries by 112.5% in the fourth quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier’s stock worth $3,820,000 after acquiring an additional 79,148 shares in the last quarter. 683 Capital Management LLC bought a new stake in Lakeland Industries in the fourth quarter worth about $473,000. Jane Street Group LLC bought a new stake in Lakeland Industries in the fourth quarter worth about $494,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Lakeland Industries during the 4th quarter worth about $362,000. 71.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on LAKE. Lake Street Capital began coverage on Lakeland Industries in a report on Tuesday, March 11th. They set a “buy” rating and a $30.00 price objective on the stock. DA Davidson cut their price objective on Lakeland Industries from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com upgraded Lakeland Industries to a “sell” rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lakeland Industries currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Lakeland Industries Trading Down 0.1%

NASDAQ:LAKE opened at $18.27 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. Lakeland Industries, Inc. has a fifty-two week low of $14.58 and a fifty-two week high of $27.28. The stock’s 50-day moving average is $17.90 and its two-hundred day moving average is $21.27. The stock has a market cap of $173.77 million, a PE ratio of -203.00 and a beta of 1.10.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.97). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. The business had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $47.10 million. During the same period last year, the firm earned $0.72 EPS. As a group, equities research 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 Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. Lakeland Industries’s payout ratio is currently -5.04%.

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.