North Star Investment Management Corp. raised its position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 196.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,000 shares of the medical instruments supplier’s stock after buying an additional 15,908 shares during the period. North Star Investment Management Corp.’s holdings in Lakeland Industries were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LAKE. TFS Capital LLC boosted its stake in Lakeland Industries by 35.5% in the first quarter. TFS Capital LLC now owns 15,446 shares of the medical instruments supplier’s stock worth $166,000 after buying an additional 4,043 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Lakeland Industries by 54.8% in the first quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock worth $210,000 after buying an additional 6,924 shares during the period. Algert Global LLC raised its position in shares of Lakeland Industries by 60.7% in the first quarter. Algert Global LLC now owns 25,769 shares of the medical instruments supplier’s stock worth $277,000 after buying an additional 9,732 shares during the period. HighTower Advisors LLC raised its position in shares of Lakeland Industries by 12.4% in the first quarter. HighTower Advisors LLC now owns 40,997 shares of the medical instruments supplier’s stock worth $443,000 after buying an additional 4,513 shares during the period. Finally, First Wilshire Securities Management Inc. raised its position in shares of Lakeland Industries by 198.4% in the first quarter. First Wilshire Securities Management Inc. now owns 279,614 shares of the medical instruments supplier’s stock worth $3,006,000 after buying an additional 185,909 shares during the period. 43.84% of the stock is owned by institutional investors.

Lakeland Industries, Inc. (LAKE) opened at 15.60 on Friday. Lakeland Industries, Inc. has a 52 week low of $8.80 and a 52 week high of $17.18. The company has a market cap of $113.32 million, a price-to-earnings ratio of 20.53 and a beta of -0.12. The stock’s 50 day moving average price is $13.64 and its 200-day moving average price is $11.41.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Wednesday, June 14th. The medical instruments supplier reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. Lakeland Industries had a return on equity of 7.87% and a net margin of 6.31%. The business had revenue of $22.90 million for the quarter, compared to the consensus estimate of $21.95 million. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Lakeland Industries, Inc. will post $0.81 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on LAKE shares. Zacks Investment Research upgraded Lakeland Industries from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, June 27th. TheStreet upgraded Lakeland Industries from a “c+” rating to a “b” rating in a research note on Wednesday, June 28th. Finally, ValuEngine upgraded Lakeland Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Lakeland Industries Company Profile

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

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