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Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) CFO Acquires 2,000 Shares of Stock

Financial News Live ·  09/13 23:53

Lakeland Industries, Inc. (NASDAQ:LAKE – Get Rating) CFO Allen E. Dillard bought 2,000 shares of the company's stock in a transaction on Monday, September 12th. The stock was bought at an average price of $11.59 per share, with a total value of $23,180.00. Following the completion of the acquisition, the chief financial officer now owns 31,919 shares in the company, valued at $369,941.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lakeland Industries Trading Down 0.5 %

LAKE traded down $0.06 during mid-day trading on Tuesday, hitting $11.74. 191 shares of the stock were exchanged, compared to its average volume of 40,122. The company has a market cap of $88.17 million, a PE ratio of 21.07 and a beta of 0.38. The firm's fifty day moving average is $14.97 and its two-hundred day moving average is $16.65. Lakeland Industries, Inc. has a 1-year low of $11.20 and a 1-year high of $22.21.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LAKE shares. StockNews.com downgraded shares of Lakeland Industries from a "buy" rating to a "hold" rating in a report on Monday. TheStreet downgraded shares of Lakeland Industries from a "b-" rating to a "c+" rating in a research note on Tuesday, August 30th.

Institutional Investors Weigh In On Lakeland Industries

Large investors have recently added to or reduced their stakes in the business. Private Capital Management LLC lifted its position in shares of Lakeland Industries by 30.4% during the 2nd quarter. Private Capital Management LLC now owns 1,036,131 shares of the medical instruments supplier's stock worth $15,915,000 after purchasing an additional 241,376 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Lakeland Industries by 20.6% in the second quarter. Pacific Ridge Capital Partners LLC now owns 311,072 shares of the medical instruments supplier's stock valued at $4,778,000 after acquiring an additional 53,168 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Lakeland Industries by 93.4% in the first quarter. First Eagle Investment Management LLC now owns 52,259 shares of the medical instruments supplier's stock valued at $1,003,000 after buying an additional 25,242 shares during the last quarter. Captrust Financial Advisors boosted its stake in Lakeland Industries by 36.7% during the 2nd quarter. Captrust Financial Advisors now owns 55,040 shares of the medical instruments supplier's stock worth $845,000 after purchasing an additional 14,765 shares during the period. Finally, Invesco Ltd. purchased a new stake in shares of Lakeland Industries in the first quarter valued at about $252,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

About Lakeland Industries

(Get Rating)

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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