JPMorgan Chase & Co. acquired a new position in Lakeland Industries, Inc. (NASDAQ:LAKE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,065 shares of the medical instruments supplier’s stock, valued at approximately $230,000. JPMorgan Chase & Co. owned 0.20% of Lakeland Industries at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Lakeland Industries by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 302,567 shares of the medical instruments supplier’s stock worth $4,387,000 after purchasing an additional 2,290 shares during the period. HighTower Advisors LLC raised its position in Lakeland Industries by 6.5% in the 2nd quarter. HighTower Advisors LLC now owns 43,665 shares of the medical instruments supplier’s stock worth $631,000 after purchasing an additional 2,668 shares during the period. Nationwide Fund Advisors raised its position in Lakeland Industries by 4,456.5% in the 2nd quarter. Nationwide Fund Advisors now owns 9,113 shares of the medical instruments supplier’s stock worth $132,000 after purchasing an additional 8,913 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Lakeland Industries in the 2nd quarter worth about $164,000. Finally, Dimensional Fund Advisors LP raised its position in Lakeland Industries by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 439,937 shares of the medical instruments supplier’s stock worth $6,379,000 after purchasing an additional 14,594 shares during the period. 54.80% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, December 19th. TheStreet lowered shares of Lakeland Industries from a “b” rating to a “c+” rating in a research report on Friday, December 15th.

Shares of Lakeland Industries, Inc. (NASDAQ LAKE) opened at $14.30 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.43 and a quick ratio of 3.21. Lakeland Industries, Inc. has a 1 year low of $9.85 and a 1 year high of $17.18. The firm has a market cap of $113.02, a PE ratio of 16.58, a P/E/G ratio of 1.55 and a beta of -0.13.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Friday, December 15th. The medical instruments supplier reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Lakeland Industries had a net margin of 6.92% and a return on equity of 8.21%. equities research analysts predict that Lakeland Industries, Inc. will post 0.9 earnings per share for the current fiscal year.

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Lakeland Industries 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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