Pacific Ridge Capital Lowers Lakeland Industries Stake to 4.6%

TL;DR

**Pacific Ridge Capital trimmed its Lakeland Industries stake to 4.6%, watch for further institutional moves.**

AI Summary

Pacific Ridge Capital Partners, LLC, an investment firm, filed an amended Schedule 13G/A on February 12, 2024, disclosing its ownership in Lakeland Industries, Inc. As of December 31, 2023, Pacific Ridge beneficially owned 361,732 shares of Lakeland Industries' Common Stock, representing 4.6% of the company. This filing indicates a slight decrease in their reported ownership percentage from a previous filing, which could signal a shift in their investment strategy or a minor reduction in their stake, potentially impacting investor sentiment.

Why It Matters

This filing shows a prominent institutional investor, Pacific Ridge Capital Partners, LLC, has slightly reduced its stake in Lakeland Industries, Inc., which could be interpreted as a loss of confidence or a portfolio rebalancing. Investors should monitor if other institutions follow suit, as significant selling pressure could impact the stock price.

Risk Assessment

Risk Level: medium — A reduction in institutional ownership, even minor, can sometimes signal underlying concerns or a change in investment thesis, posing a moderate risk to current or prospective shareholders.

Analyst Insight

A smart investor would view this as a signal to conduct further due diligence on Lakeland Industries' recent performance and future outlook, especially considering if this reduction by Pacific Ridge Capital Partners, LLC is an isolated event or part of a broader trend among institutional holders. It's not a definitive sell signal but warrants caution.

Key Numbers

• 361,732 — Shares Beneficially Owned (This is the total number of Lakeland Industries shares Pacific Ridge Capital Partners, LLC reported owning as of December 31, 2023.)
• 4.6% — Ownership Percentage (This represents the percentage of Lakeland Industries' Common Stock that Pacific Ridge Capital Partners, LLC beneficially owns, indicating a slight decrease from previous filings.)

Key Players & Entities

• Pacific Ridge Capital Partners, LLC (company) — the reporting person and institutional investor
• Lakeland Industries, Inc. (company) — the subject company whose stock is being reported
• 361,732 (dollar_amount) — number of shares beneficially owned by Pacific Ridge Capital Partners, LLC
• 4.6% (dollar_amount) — percentage of Lakeland Industries' Common Stock owned by Pacific Ridge Capital Partners, LLC
• December 31, 2023 (date) — the date of the event requiring the filing of this statement

Forward-Looking Statements

• Lakeland Industries' stock price may experience minor downward pressure due to the disclosed reduction in institutional ownership. (Lakeland Industries, Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in Lakeland Industries following this filing. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

Filing Documents

• LAKE13Ga2023v2.htm (SC 13G/A) — 6KB
• 0001591546-24-000005.txt ( ) — 7KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: 548,202 (b) Percent of Class: 7.44% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 361,732 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 548,202 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. None Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. N/A

Identification and classification of members of the group

Item 8. Identification and classification of members of the group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certifications

Item 10. Certifications. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated:February 13, 2024 Pacific Ridge Capital Partners By: /s/ Peter Trumbo Name: Peter Trumbo Title: Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5 1297544.3

View Full Filing

View this SC 13G/A filing on SEC EDGAR