Algert Global LLC lessened its holdings in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 15.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,747 shares of the medical instruments supplier’s stock after selling 22,744 shares during the period. Algert Global LLC owned about 1.50% of Lakeland Industries worth $1,619,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. increased its holdings in Lakeland Industries by 34.0% during the 3rd quarter. Prudential Financial Inc. now owns 19,300 shares of the medical instruments supplier’s stock valued at $257,000 after purchasing an additional 4,900 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $368,000. North Star Investment Management Corp. grew its holdings in shares of Lakeland Industries by 30.5% during the 3rd quarter. North Star Investment Management Corp. now owns 188,450 shares of the medical instruments supplier’s stock worth $2,506,000 after acquiring an additional 44,000 shares during the period. Heartland Advisors Inc. purchased a new position in shares of Lakeland Industries during the 3rd quarter worth approximately $2,660,000. Finally, Ariel Investments LLC purchased a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $6,718,000. Institutional investors own 57.27% of the company’s stock.
LAKE stock opened at $12.05 on Friday. Lakeland Industries, Inc. has a fifty-two week low of $11.90 and a fifty-two week high of $16.85. The company has a current ratio of 6.81, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01. The company has a market cap of $107.46 million, a price-to-earnings ratio of 16.94 and a beta of 0.14.
Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Monday, September 10th. The medical instruments supplier reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Lakeland Industries had a positive return on equity of 5.73% and a negative net margin of 0.23%. The firm had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $25.10 million. On average, analysts expect that Lakeland Industries, Inc. will post 0.85 EPS for the current year.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. ValuEngine upgraded Lakeland Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Finally, Roth Capital reiterated a “buy” rating on shares of Lakeland Industries in a report on Sunday, September 9th.
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Lakeland Industries Profile
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. 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, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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