Verition Fund Management LLC bought a new position in Lakeland Industries, Inc. (NASDAQ:LAKE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,202 shares of the medical instruments supplier’s stock, valued at approximately $251,000. Verition Fund Management LLC owned about 0.14% of Lakeland Industries as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in Lakeland Industries during the first quarter worth approximately $9,132,000. BlackRock Inc. boosted its position in Lakeland Industries by 692.0% during the first quarter. BlackRock Inc. now owns 379,726 shares of the medical instruments supplier’s stock worth $5,886,000 after purchasing an additional 331,783 shares in the last quarter. Marshall Wace LLP purchased a new position in Lakeland Industries during the second quarter worth approximately $4,623,000. Balyasny Asset Management LLC purchased a new position in Lakeland Industries during the first quarter worth approximately $2,218,000. Finally, Shellback Capital LP purchased a new position in Lakeland Industries during the first quarter worth approximately $1,506,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

NASDAQ:LAKE opened at $21.16 on Wednesday. Lakeland Industries, Inc. has a one year low of $9.97 and a one year high of $28.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.54 and a current ratio of 6.06. The stock has a market cap of $168.86 million, a PE ratio of 8.40 and a beta of -0.18. The stock has a 50 day moving average price of $22.05 and a 200 day moving average price of $18.44.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Wednesday, September 9th. The medical instruments supplier reported $1.16 EPS for the quarter, beating the consensus estimate of $0.32 by $0.84. Lakeland Industries had a return on equity of 22.52% and a net margin of 14.91%. As a group, analysts predict that Lakeland Industries, Inc. will post 3.29 earnings per share for the current fiscal year.

LAKE has been the topic of several research reports. Benchmark raised their target price on Lakeland Industries from $24.00 to $31.00 in a research report on Wednesday, June 10th. ValuEngine upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Craig Hallum raised their target price on Lakeland Industries from $22.00 to $30.00 in a research report on Wednesday, June 10th. Roth Capital raised their target price on Lakeland Industries from $18.50 to $24.00 in a research report on Wednesday, June 10th. Finally, Zacks Investment Research upgraded Lakeland Industries from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $27.50.

In other Lakeland Industries news, Director Christopher James Ryan sold 13,400 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $25.20, for a total transaction of $337,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by company insiders.

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.

Read More: What is the float in trading stocks?

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

Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.