SCHEDULE 13G/A: Royce & Associates LP Discloses 10.10% Stake in Lakeland Industries, Inc.

Royce & Associates LP, an investment adviser, has filed an amended Schedule 13G disclosing a 10.10% beneficial ownership stake in Lakeland Industries, Inc.'s Common Stock as of March 31, 2025.

Summary

• Royce & Associates LP (RALP) reported beneficial ownership of 931,920 shares of Lakeland Industries, Inc. Common Stock.
• This ownership represents 10.10% of the class of securities.
• RALP holds sole voting power and sole dispositive power over all 931,920 shares.
• The filing is an Amendment No. 8 to a Schedule 13G, indicating a change in previously reported ownership or status.
• RALP is classified as an Investment Adviser (IA) and is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI).

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the issuer's performance or outlook. The sentiment is neutral.

Risks

• Royce & Associates, LP disclaims any pecuniary interest in the reported securities.
• The filing of this Schedule 13G should not be construed as an admission that RALP is the beneficial owner, as defined in Rule 13d-3, of any such securities.
• RALP believes it is not a 'group' with FRI affiliates, the Principal Shareholders (Charles B. Johnson and Rupert H. Johnson, Jr.), or their respective affiliates within the meaning of Rule 13d-5 under the Act.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or operations.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect."

Industry Context

This filing indicates a significant institutional investment in Lakeland Industries, Inc. by a specialized investment adviser. Such disclosures are common in the financial industry, reflecting portfolio management decisions by large asset managers.

Stakeholder Impact

• Shareholders: The disclosure of a significant 10.10% stake by an institutional investor like Royce & Associates LP may be viewed positively by other shareholders, indicating confidence in the company.

Key Dates

Keywords

Lakeland Industries, Royce & Associates LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership, LAKE