Royce & Associates LP Has $21.77 Million Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

Royce & Associates LP lifted its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 851,980 shares of the medical instruments supplier’s stock after purchasing an additional 121,760 shares during the period. Royce & Associates LP owned 8.97% of Lakeland Industries worth $21,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Lakeland Industries in the 4th quarter valued at $36,000. Huntington National Bank acquired a new stake in shares of Lakeland Industries in the 3rd quarter valued at $41,000. Metis Global Partners LLC acquired a new stake in shares of Lakeland Industries in the 4th quarter valued at $207,000. Empowered Funds LLC raised its holdings in Lakeland Industries by 4.6% in the 3rd 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. Finally, Barclays PLC bought a new position in Lakeland Industries in the 3rd quarter worth $306,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Insider Transactions at Lakeland Industries

In related news, COO An Hui acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the acquisition, the chief operating officer now owns 53,912 shares in the company, valued at $1,186,064. This trade represents a 3.85 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laurel A. Yartz acquired 2,272 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the acquisition, the insider now owns 9,772 shares in the company, valued at approximately $214,984. This trade represents a 30.29 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 11,208 shares of company stock worth $253,520. 4.20% of the stock is currently owned by company insiders.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $20.10 on Monday. The firm’s 50-day moving average is $23.69 and its 200-day moving average is $22.23. Lakeland Industries, Inc. has a 52-week low of $15.10 and a 52-week high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The company has a market cap of $190.93 million, a price-to-earnings ratio of -223.33 and a beta of 0.96.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 17th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. Lakeland Industries’s payout ratio is -133.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LAKE. Roth Mkm lifted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Lake Street Capital began coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They issued a “buy” rating and a $30.00 target price on the stock.

Lakeland Industries Company 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.