Lakeland Industries, Inc. (NASDAQ:LAKE) Shares Sold by First Wilshire Securities Management Inc.

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First Wilshire Securities Management Inc. lowered its position in Lakeland Industries, Inc. (NASDAQ:LAKE) by 20.9% in the second quarter, HoldingsChannel reports. The fund owned 105,839 shares of the medical instruments supplier’s stock after selling 27,940 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Lakeland Industries were worth $1,185,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LAKE. BlackRock Inc. raised its position in shares of Lakeland Industries by 6.4% in the second quarter. BlackRock Inc. now owns 48,078 shares of the medical instruments supplier’s stock worth $539,000 after acquiring an additional 2,890 shares during the period. Granite Investment Partners LLC raised its position in shares of Lakeland Industries by 88.6% in the first quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock worth $597,000 after acquiring an additional 23,894 shares during the period. Kennedy Capital Management Inc. acquired a new position in shares of Lakeland Industries in the first quarter worth about $1,723,000. Vanguard Group Inc. raised its position in shares of Lakeland Industries by 3.4% in the second quarter. Vanguard Group Inc. now owns 316,934 shares of the medical instruments supplier’s stock worth $3,550,000 after acquiring an additional 10,278 shares during the period. Finally, Private Capital Management LLC raised its position in shares of Lakeland Industries by 2.6% in the second quarter. Private Capital Management LLC now owns 731,998 shares of the medical instruments supplier’s stock worth $8,198,000 after acquiring an additional 18,733 shares during the period. Institutional investors and hedge funds own 60.33% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine downgraded shares of Lakeland Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Zacks Investment Research raised shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, September 12th. Finally, Roth Capital set a $15.00 target price on shares of Lakeland Industries and gave the stock a “buy” rating in a research note on Tuesday, September 10th.

LAKE stock opened at $12.04 on Friday. The stock has a market capitalization of $95.74 million, a P/E ratio of 74.75 and a beta of 0.61. The firm has a 50-day simple moving average of $10.95 and a 200-day simple moving average of $11.48. The company has a quick ratio of 2.10, a current ratio of 5.49 and a debt-to-equity ratio of 0.04. Lakeland Industries, Inc. has a 52 week low of $9.70 and a 52 week high of $14.44.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Monday, September 9th. The medical instruments supplier reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. The business had revenue of $27.47 million during the quarter, compared to analysts’ expectations of $25.62 million. Lakeland Industries had a negative net margin of 0.49% and a positive return on equity of 1.67%. On average, analysts expect that Lakeland Industries, Inc. will post 0.45 earnings per share for the current year.

About Lakeland Industries

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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Want to see what other hedge funds are holding LAKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lakeland Industries, Inc. (NASDAQ:LAKE).

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

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