Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Lakeland Industries, Inc. (NASDAQ:LAKE), it sends a favourable message to the company's shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Lakeland Industries

Lakeland Industries Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Independent Director Martin Glavin bought US$100k worth of shares at a price of US$22.00 per share. That means that even when the share price was higher than US$20.10 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Lakeland Industries insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Lakeland Industries is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Lakeland Industries Have Bought Stock Recently

It's good to see that Lakeland Industries insiders have made notable investments in the company's shares. Overall, seven insiders shelled out US$374k for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.

Does Lakeland Industries Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Lakeland Industries insiders own 3.1% of the company, worth about US$5.8m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Lakeland Industries Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Lakeland Industries insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Lakeland Industries that deserve your attention before buying any shares.

But note: Lakeland Industries may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.