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

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

A number of other hedge funds have also bought and sold shares of LAKE. IFP Advisors Inc acquired a new stake in shares of Lakeland Industries during the 4th quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new position in Lakeland Industries during the fourth quarter worth $160,000. Metis Global Partners LLC acquired a new stake in Lakeland Industries in the fourth quarter worth $207,000. Barclays PLC acquired a new stake in Lakeland Industries in the third quarter worth $306,000. Finally, American Century Companies Inc. increased its stake in 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 valued at $358,000 after purchasing an additional 1,965 shares in the last quarter. Institutional investors own 71.69% of the company's stock.

Lakeland Industries Stock Up 4.6%

Shares of NASDAQ:LAKE traded up $0.81 during midday trading on Tuesday, hitting $18.57. 12,068 shares of the company's stock were exchanged, compared to its average volume of 63,024. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. Lakeland Industries, Inc. has a 12 month low of $14.58 and a 12 month high of $27.28. The company has a market cap of $176.62 million, a PE ratio of -206.33 and a beta of 1.10. The stock has a 50 day moving average price of $17.99 and a 200-day moving average price of $21.31.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The medical instruments supplier reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.97). The company 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 period in the prior year, the firm posted $0.72 earnings per share. On average, sell-side analysts anticipate that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Dividend Announcement

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 given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, May 15th. Lakeland Industries's payout ratio is currently -5.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LAKE shares. DA Davidson cut their price objective 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. StockNews.com upgraded Lakeland Industries to a "sell" rating in a report on Wednesday, May 7th. Finally, Lake Street Capital began coverage on Lakeland Industries in a report on Tuesday, March 11th. They set a "buy" rating and a $30.00 price objective for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.