Delta Investment Management LLC Buys Shares of 17,400 Lakeland Industries, Inc. (NASDAQ:LAKE)

Delta Investment Management LLC purchased a new stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,400 shares of the medical instruments supplier's stock, valued at approximately $445,000. Delta Investment Management LLC owned 0.18% of Lakeland Industries at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LAKE. Private Capital Management LLC boosted its position in Lakeland Industries by 0.4% during the fourth quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier's stock worth $25,739,000 after purchasing an additional 4,092 shares in the last quarter. Royce & Associates LP raised its stake in shares of Lakeland Industries by 16.7% during the 4th quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier's stock worth $21,768,000 after buying an additional 121,760 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Lakeland Industries by 112.5% in the 4th quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier's stock worth $3,820,000 after buying an additional 79,148 shares in the last quarter. Susquehanna International Group LLP grew its stake in Lakeland Industries by 261.9% in the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock valued at $2,515,000 after acquiring an additional 71,224 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in Lakeland Industries in the 4th quarter valued at about $2,018,000. Hedge funds and other institutional investors own 71.69% of the company's stock.

Lakeland Industries Price Performance

LAKE stock opened at $19.44 on Tuesday. The stock has a market capitalization of $184.89 million, a price-to-earnings ratio of -216.00 and a beta of 1.10. The company has a quick ratio of 1.77, a current ratio of 4.23 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 stock's fifty day simple moving average is $17.82 and its 200-day simple moving average is $21.28.

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

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.62%. Lakeland Industries's payout ratio is -5.04%.

Analysts Set New Price Targets

LAKE has been the subject of a number of analyst reports. DA Davidson cut their price target on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com raised shares of Lakeland Industries to a "sell" rating in a research note on Wednesday, May 7th. Finally, Lake Street Capital initiated 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lakeland Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

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.

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