StockNews.com downgraded shares of Lakeland Industries (NASDAQ:LAKE – Get Rating) from a buy rating to a hold rating in a research report report published on Monday morning.
Separately, TheStreet cut shares of Lakeland Industries from a b- rating to a c+ rating in a research report on Tuesday, August 30th.
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Lakeland Industries Price Performance
LAKE stock opened at $11.57 on Monday. The business has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $16.58. The firm has a market capitalization of $86.95 million, a PE ratio of 20.66 and a beta of 0.38. Lakeland Industries has a 1 year low of $11.20 and a 1 year high of $22.21.
Insiders Place Their Bets
In other news, Director Christopher James Ryan acquired 5,000 shares of the company's stock in a transaction dated Tuesday, September 13th. The stock was acquired at an average cost of $11.75 per share, for a total transaction of $58,750.00. Following the acquisition, the director now directly owns 117,589 shares in the company, valued at approximately $1,381,670.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.30% of the company's stock.
Hedge Funds Weigh In On Lakeland Industries
A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Lakeland Industries by 1.2% during the first quarter. Royal Bank of Canada now owns 68,473 shares of the medical instruments supplier's stock valued at $1,314,000 after acquiring an additional 799 shares during the period. UBS Group AG lifted its stake in shares of Lakeland Industries by 64.2% in the 1st quarter. UBS Group AG now owns 2,347 shares of the medical instruments supplier's stock valued at $45,000 after purchasing an additional 918 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lakeland Industries by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 38,910 shares of the medical instruments supplier's stock valued at $747,000 after purchasing an additional 969 shares during the last quarter. North Star Investment Management Corp. raised its holdings in Lakeland Industries by 0.6% in the 1st quarter. North Star Investment Management Corp. now owns 175,410 shares of the medical instruments supplier's stock worth $3,366,000 after acquiring an additional 1,000 shares during the period. Finally, State Street Corp increased its holdings in shares of Lakeland Industries by 4.4% during the 1st quarter. State Street Corp now owns 29,161 shares of the medical instruments supplier's stock worth $560,000 after purchasing an additional 1,220 shares during the period. Institutional investors own 75.10% of the company's stock.
Lakeland Industries Company Profile
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Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire.
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