19,700 Shares in Lakeland Industries, Inc. $LAKE Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has acquired 19,700 shares of Lakeland Industries, valued at approximately $400,000, representing about 0.21% of the company.
• Several institutional investors significantly increased their stakes in Lakeland Industries, with Russell Investments Group Ltd. growing its position by over 1,720% in the 1st quarter.
• The company's most recent quarterly earnings report showed a loss of ($0.41) EPS, missing estimates, and a revenue of $46.75 million, below expectations of $48.84 million.

OMERS ADMINISTRATION Corp acquired a new stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,700 shares of the medical instruments supplier's stock, valued at approximately $400,000. OMERS ADMINISTRATION Corp owned approximately 0.21% of Lakeland Industries as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delta Investment Management LLC raised its holdings in Lakeland Industries by 92.3% in the first quarter. Delta Investment Management LLC now owns 33,454 shares of the medical instruments supplier's stock worth $679,000 after purchasing an additional 16,054 shares in the last quarter. High Falls Advisors Inc lifted its stake in Lakeland Industries by 2.2% in the first quarter. High Falls Advisors Inc now owns 28,061 shares of the medical instruments supplier's stock valued at $570,000 after buying an additional 599 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Lakeland Industries by 1,720.2% during the first quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier's stock worth $2,316,000 after acquiring an additional 107,753 shares during the period. HighTower Advisors LLC acquired a new position in shares of Lakeland Industries in the 1st quarter worth $254,000. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Lakeland Industries in the first quarter worth about $1,348,000. Institutional investors own 71.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LAKE shares. Lake Street Capital set a $26.00 price target on Lakeland Industries and gave the company a "buy" rating in a report on Tuesday, June 10th. Zacks Research raised shares of Lakeland Industries from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lakeland Industries presently has an average rating of "Moderate Buy" and an average price target of $26.00.

Lakeland Industries Trading Up 0.2%

LAKE stock traded up $0.03 during trading on Monday, hitting $15.01. The company had a trading volume of 33,523 shares, compared to its average volume of 125,294. The company has a quick ratio of 1.51, a current ratio of 3.88 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $142.70 million, a P/E ratio of -4.99 and a beta of 1.11. The company has a 50 day simple moving average of $14.48 and a 200-day simple moving average of $16.78. Lakeland Industries, Inc. has a 52-week low of $12.76 and a 52-week high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.68). The company had revenue of $46.75 million during the quarter, compared to analysts' expectations of $48.84 million. Lakeland Industries had a negative return on equity of 6.88% and a negative net margin of 13.31%.During the same period in the previous year, the firm posted $0.22 EPS. As a group, research analysts forecast that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

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. The ex-dividend date was Friday, August 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. Lakeland Industries's dividend payout ratio (DPR) is -3.99%.

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.