Northpointe Capital LLC reduced its position in shares of Lakeland Industries Inc. (NASDAQ:LAKE) by 17.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,991 shares of the company’s stock after selling 34,539 shares during the period. Northpointe Capital LLC’s holdings in Lakeland Industries were worth $1,404,000 at the end of the most recent reporting period.
Separately, Geode Capital Management LLC boosted its position in Lakeland Industries by 13.7% in the first quarter. Geode Capital Management LLC now owns 33,605 shares of the company’s stock worth $412,000 after buying an additional 4,042 shares during the last quarter. 39.09% of the stock is owned by institutional investors and hedge funds.
Lakeland Industries Inc. (NASDAQ:LAKE) traded up 2.09% during mid-day trading on Friday, hitting $10.27. 31,945 shares of the stock were exchanged. The company has a market cap of $74.52 million, a P/E ratio of 37.21 and a beta of 0.09. Lakeland Industries Inc. has a one year low of $8.00 and a one year high of $15.40. The company has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.73.
Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Wednesday, September 14th. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.10. The firm had revenue of $22.30 million for the quarter, compared to the consensus estimate of $22.01 million. Lakeland Industries had a net margin of 2.30% and a return on equity of 5.07%. The company’s revenue was down 24.4% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. Analysts forecast that Lakeland Industries Inc. will post $0.60 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd.
About Lakeland Industries
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
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