North Star Investment Management Corp. Sells 37,998 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE)

North Star Investment Management Corp. lowered its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,183 shares of the medical instruments supplier's stock after selling 37,998 shares during the quarter. North Star Investment Management Corp. owned about 1.35% of Lakeland Industries worth $2,603,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Lakeland Industries during the fourth quarter worth approximately $494,000. Delta Investment Management LLC bought a new stake in Lakeland Industries during the fourth quarter worth $445,000. Millennium Management LLC lifted its stake in Lakeland Industries by 166.1% during the fourth quarter. Millennium Management LLC now owns 27,783 shares of the medical instruments supplier's stock worth $710,000 after purchasing an additional 17,344 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Lakeland Industries during the fourth quarter worth $571,000. Finally, Susquehanna International Group LLP lifted its stake in Lakeland Industries by 261.9% during the fourth quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock worth $2,515,000 after purchasing an additional 71,224 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Lakeland Industries to a "sell" rating in a research note on Wednesday, May 7th. Lake Street Capital set a $26.00 target price on Lakeland Industries and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, DA Davidson cut their target price on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

Lakeland Industries Price Performance

Shares of LAKE traded down $1.42 during trading hours on Friday, reaching $13.92. The stock had a trading volume of 278,987 shares, compared to its average volume of 74,945. Lakeland Industries, Inc. has a 12 month low of $13.92 and a 12 month high of $27.28. The stock has a market capitalization of $132.39 million, a PE ratio of -154.67 and a beta of 1.13. 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's 50-day moving average is $17.26 and its two-hundred day moving average is $20.90.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.68). The firm had revenue of $46.75 million during the quarter, compared to the consensus estimate of $48.84 million. Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. During the same quarter in the previous year, the company posted $0.22 earnings per share. Research analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, May 15th. Lakeland Industries's dividend payout ratio is currently -3.99%.

About Lakeland Industries

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.