Private Capital Management Holds 15.6% Stake in Lakeland Industries

TL;DR

**Private Capital Management still owns 15.6% of Lakeland Industries, signaling strong institutional conviction.**

AI Summary

Private Capital Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 5, 2024, disclosing its ownership in Lakeland Industries, Inc. As of December 31, 2023, the firm beneficially owned 1,261,080 shares of Lakeland's common stock, representing 15.6% of the company. This filing indicates a significant, continued stake by a major institutional investor, which can signal confidence in Lakeland's long-term prospects to current and potential shareholders.

Why It Matters

This filing shows a major institutional investor, Private Capital Management, maintains a substantial ownership stake in Lakeland Industries, which can be seen as a vote of confidence in the company's future performance.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

A smart investor would view this continued significant institutional ownership as a positive signal, suggesting confidence in Lakeland Industries' long-term value, and might consider further research into the company's fundamentals.

Key Numbers

• 1,261,080 — Total Shares Beneficially Owned (Represents the total number of Lakeland Industries shares held by Private Capital Management, LLC as of December 31, 2023.)
• 15.6% — Percentage of Class (Indicates the significant ownership stake Private Capital Management, LLC has in Lakeland Industries, showing strong institutional interest.)
• 502,907 — Sole Voting Power Shares (The number of shares over which Private Capital Management, LLC has exclusive voting control.)
• 758,173 — Shared Voting Power Shares (The number of shares over which Private Capital Management, LLC shares voting control with others.)

Key Players & Entities

• Private Capital Management, LLC (company) — the reporting person and institutional investor
• Lakeland Industries, Inc. (company) — the subject company whose shares are being reported
• 502,907 (dollar_amount) — shares with sole voting power held by Private Capital Management, LLC
• 758,173 (dollar_amount) — shares with shared voting power held by Private Capital Management, LLC
• 1,261,080 (dollar_amount) — total shares beneficially owned by Private Capital Management, LLC
• 15.6% (dollar_amount) — percentage of Lakeland Industries' common stock owned by Private Capital Management, LLC
• December 31, 2023 (date) — the date of the event requiring this filing
• February 5, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Private Capital Management, LLC will maintain a significant stake in Lakeland Industries, Inc. for the foreseeable future. (Private Capital Management, LLC) — high confidence, target: December 31, 2024
• Lakeland Industries' stock price will experience increased stability due to this large institutional holding. (Lakeland Industries, Inc.) — medium confidence, target: June 30, 2024

FAQ

Filing Documents

• lake25240sc13ga3.htm (SC 13G/A) — 38KB
• 0001214659-24-001933.txt ( ) — 40KB

(a)

Item 1(a). Name of Issuer: Lakeland Industries, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1525 Perimeter Parkway, Suite 325, Huntsville, AL 35806

(a)

Item 2(a). Name of Person Filing: Private Capital Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, Florida 34108

(c)

Item 2(c). Citizenship: USA

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 511795106 Page 3 of 6 pages Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) x Investment company registered under Section 8 of the Investment Company Act of 1940; (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned**: 1,261,080 (b) Percent of Class: 17.12% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 502,907 (ii) shared power to vote or to direct the vote*: 758,173 (iii) sole power to dispose or to direct the disposition of: 502,907 (iv) shared power to dispose or to direct the disposition of: 758,173 Page 4 of 6 pages Item 5. If this statement is being filed to report the fact that as of the date hereof th

View Full Filing

View this SC 13G/A filing on SEC EDGAR