683 Capital Management LLC Invests $473,000 in Lakeland Industries, Inc. (NASDAQ:LAKE)

683 Capital Management LLC purchased a new stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,500 shares of the medical instruments supplier's stock, valued at approximately $473,000. 683 Capital Management LLC owned approximately 0.19% of Lakeland Industries as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. IFP Advisors Inc acquired a new position in Lakeland Industries during the fourth quarter worth $36,000. Russell Investments Group Ltd. acquired a new position in shares of Lakeland Industries during the 4th quarter valued at about $160,000. Metis Global Partners LLC bought a new position in shares of Lakeland Industries in the 4th quarter valued at approximately $207,000. American Century Companies Inc. lifted its holdings in Lakeland Industries by 16.3% in the 4th quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier's stock worth $358,000 after purchasing an additional 1,965 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Lakeland Industries in the 4th quarter worth approximately $362,000. 71.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Lakeland Industries to a "sell" rating in a research note on Wednesday. DA Davidson decreased their price target on shares of Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Lake Street Capital assumed coverage on Lakeland Industries in a research note on Tuesday, March 11th. They issued a "buy" rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Lakeland Industries Stock Performance

LAKE traded up $0.63 on Thursday, hitting $17.01. 16,000 shares of the stock traded hands, compared to its average volume of 62,687. The business has a fifty day moving average price of $18.29 and a two-hundred day moving average price of $21.39. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries, Inc. has a 52 week low of $14.58 and a 52 week high of $27.28. The firm has a market capitalization of $161.58 million, a PE ratio of -189.00 and a beta of 1.10.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its earnings results on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.97). The business had revenue of $46.60 million during the quarter, compared to the consensus estimate of $47.10 million. Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. During the same period in the previous year, the firm earned $0.72 EPS. On average, research analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, May 15th. Lakeland Industries's dividend payout ratio is -5.04%.

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.