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Trade Alert: The Executive Chairman Of Lakeland Industries, Inc. (NASDAQ:LAKE), Christopher Ryan, Has Just Spent US$59k Buying 4.6% More Shares

Simply Wall St ·  {{timeTz}}

Even if it's not a huge purchase, we think it was good to see that Christopher Ryan, the Executive Chairman of Lakeland Industries, Inc. (NASDAQ:LAKE) recently shelled out US$59k to buy stock, at US$11.75 per share. Although the purchase is not a big one, increasing their shareholding by only 4.6%, it can be interpreted as a good sign.

View our latest analysis for Lakeland Industries

Lakeland Industries Insider Transactions Over The Last Year

Notably, that recent purchase by Christopher Ryan is the biggest insider purchase of Lakeland Industries shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$11.89. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Lakeland Industries insiders decided to buy shares at close to current prices.

In the last twelve months Lakeland Industries insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volumeNasdaqGM:LAKE Insider Trading Volume September 22nd 2022

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Lakeland Industries

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own US$3.8m worth of Lakeland Industries stock, about 4.3% of the company. We consider this fairly low insider ownership.

So What Do The Lakeland Industries Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Lakeland Industries stock. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for Lakeland Industries that deserve your attention before buying any shares.

Of course Lakeland Industries may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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