Lakeland Industries, Inc. (NASDAQ:LAKE) Position Increased by Private Capital Management LLC

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Private Capital Management LLC increased its holdings in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 28.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 713,265 shares of the medical instruments supplier’s stock after buying an additional 157,625 shares during the quarter. Lakeland Industries accounts for about 6.2% of Private Capital Management LLC’s holdings, making the stock its 29th biggest holding. Private Capital Management LLC owned approximately 0.09% of Lakeland Industries worth $8,374,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Citigroup Inc. lifted its position in shares of Lakeland Industries by 80.2% during the 1st quarter. Citigroup Inc. now owns 8,630 shares of the medical instruments supplier’s stock worth $101,000 after buying an additional 3,840 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Lakeland Industries by 18.7% during the 4th quarter. First Trust Advisors LP now owns 13,461 shares of the medical instruments supplier’s stock worth $141,000 after buying an additional 2,120 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Lakeland Industries by 116.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,220 shares of the medical instruments supplier’s stock worth $179,000 after buying an additional 8,175 shares during the last quarter. Teton Advisors Inc. lifted its position in shares of Lakeland Industries by 10.1% during the 1st quarter. Teton Advisors Inc. now owns 16,510 shares of the medical instruments supplier’s stock worth $194,000 after buying an additional 1,510 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Lakeland Industries during the 4th quarter worth $306,000. Institutional investors and hedge funds own 60.42% of the company’s stock.

Shares of LAKE stock traded down $0.05 on Friday, hitting $12.05. 405 shares of the company’s stock were exchanged, compared to its average volume of 12,377. The company has a quick ratio of 3.20, a current ratio of 5.01 and a debt-to-equity ratio of 0.03. Lakeland Industries, Inc. has a 12 month low of $9.90 and a 12 month high of $14.65. The company has a market cap of $96.92 million, a P/E ratio of 29.27 and a beta of 0.74.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.14). Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. The business had revenue of $24.68 million for the quarter, compared to the consensus estimate of $25.32 million. As a group, equities research analysts anticipate that Lakeland Industries, Inc. will post 0.75 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 19th.

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Lakeland Industries Profile

Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

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Institutional Ownership by Quarter for Lakeland Industries (NASDAQ:LAKE)

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