Susquehanna International Group LLP Buys 71,224 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE)

Susquehanna International Group LLP grew its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 261.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,419 shares of the medical instruments supplier's stock after buying an additional 71,224 shares during the period. Susquehanna International Group LLP owned 1.04% of Lakeland Industries worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LAKE. Russell Investments Group Ltd. purchased a new stake in Lakeland Industries in the 4th quarter worth $160,000. American Century Companies Inc. lifted its position in shares of Lakeland Industries by 16.3% in the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier's stock worth $358,000 after buying an additional 1,965 shares in the last quarter. Royce & Associates LP boosted its stake in Lakeland Industries by 16.7% during the fourth quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier's stock valued at $21,768,000 after buying an additional 121,760 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in Lakeland Industries during the 4th quarter valued at approximately $571,000. Finally, Metis Global Partners LLC bought a new stake in Lakeland Industries in the 4th quarter worth approximately $207,000. Institutional investors own 71.69% of the company's stock.

Lakeland Industries Trading Up 0.6 %

NASDAQ LAKE traded up $0.11 during trading on Friday, hitting $17.06. The stock had a trading volume of 75,496 shares, compared to its average volume of 63,113. The stock has a market capitalization of $162.05 million, a price-to-earnings ratio of -189.56 and a beta of 1.10. The stock has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $21.33. Lakeland Industries, Inc. has a one year low of $14.58 and a one year high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23.

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

Lakeland Industries Dividend Announcement

The company also recently declared 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 is Thursday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.70%. Lakeland Industries's payout ratio is -5.04%.

Wall Street Analyst Weigh In

LAKE has been the topic of several research reports. Lake Street Capital assumed coverage on shares of Lakeland Industries in a research report on Tuesday, March 11th. They issued a "buy" rating and a $30.00 price target on the stock. DA Davidson decreased their target price on shares of Lakeland Industries from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, StockNews.com raised Lakeland Industries to a "sell" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.