SCHEDULE 13G/A: Royce & Associates LP Discloses 11.50% Stake in Lakeland Industries, Inc.
Beneficial Ownership Report
Royce & Associates LP, an investment adviser, has reported beneficial ownership of 11.50% of Lakeland Industries, Inc.'s common stock as of December 31, 2024.
Summary
- Royce & Associates LP (RALP) has filed an Amendment No. 6 to Schedule 13G, disclosing its beneficial ownership in Lakeland Industries, Inc.
- As of December 31, 2024, RALP beneficially owns 851,980 shares of Lakeland Industries, Inc. Common Stock.
- This ownership represents 11.50% of the total class of securities outstanding.
- RALP holds sole voting power and sole dispositive power over all 851,980 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- RALP is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI) but exercises investment discretion and voting authority independently from FRI and its other affiliates, with informational barriers in place.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. It's a routine disclosure of a significant, passive institutional stake, which can be viewed as a vote of confidence, but it contains no new operational or financial information about the company itself.
Positives
- A significant institutional investor, Royce & Associates LP, maintains a substantial stake (11.50%) in Lakeland Industries, Inc., which can be interpreted as a vote of confidence in the company.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive and stable investment approach.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by an investment adviser. It does not provide specific industry context for Lakeland Industries, Inc. beyond indicating that a major institutional investor sees value in holding its common stock.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake and its passive investment intent.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 01/28/2025 | Date of filing of this Schedule 13G Amendment No. 6. |
Keywords
Lakeland Industries, Royce & Associates LP, SEC filing, Schedule 13G, beneficial ownership, common stock, institutional investment, passive investment, investment adviser
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