Equitable Trust Co. Has $389,000 Position in Lakeland Industries, Inc. $LAKE

Equitable Trust Co. grew its holdings in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 32.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,615 shares of the medical instruments supplier’s stock after purchasing an additional 6,945 shares during the quarter. Equitable Trust Co. owned about 0.30% of Lakeland Industries worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Royce & Associates LP raised its holdings in shares of Lakeland Industries by 9.4% during the 1st quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier’s stock valued at $18,927,000 after purchasing an additional 79,940 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Lakeland Industries by 3.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 297,962 shares of the medical instruments supplier’s stock valued at $6,052,000 after purchasing an additional 10,992 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Lakeland Industries by 85.1% during the 1st quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier’s stock valued at $5,620,000 after purchasing an additional 127,195 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Lakeland Industries by 22.9% during the 2nd quarter. North Star Investment Management Corp. now owns 157,475 shares of the medical instruments supplier’s stock valued at $2,143,000 after purchasing an additional 29,292 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Lakeland Industries by 1,720.2% during the 1st quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier’s stock valued at $2,316,000 after purchasing an additional 107,753 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $16.24 on Thursday. The firm’s 50-day moving average is $15.08 and its 200-day moving average is $15.69. Lakeland Industries, Inc. has a 52-week low of $12.76 and a 52-week high of $27.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.41 and a current ratio of 3.66. The company has a market cap of $155.42 million, a price-to-earnings ratio of -5.93 and a beta of 1.10.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. The company had revenue of $27.47 million for the quarter. Equities research analysts anticipate that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 15th. Lakeland Industries’s payout ratio is -4.38%.

Wall Street Analyst Weigh In

Several research analysts recently commented on LAKE shares. Wall Street Zen upgraded shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Zacks Research upgraded shares of Lakeland Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. DA Davidson dropped their target price on shares of Lakeland Industries from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lakeland Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Lakeland Industries 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.