Renaissance Tech Amends Lakeland Ind. Stake to 5.0%
Ticker: LAKE · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 798081
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**Renaissance Technologies still owns 5.0% of Lakeland Industries as of Dec 29, 2023.**
AI Summary
Renaissance Technologies LLC, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its ownership in Lakeland Industries Inc. As of December 29, 2023, Renaissance Technologies LLC reported owning 5.0% of Lakeland Industries' common stock. This filing indicates a change in their previously reported stake, which is important for investors as it shows a significant institutional investor is still involved with the company, though their percentage ownership has shifted.
Why It Matters
This filing shows that a prominent institutional investor, Renaissance Technologies LLC, continues to hold a significant stake in Lakeland Industries, which can influence investor confidence and stock price.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not indicate any immediate financial risk to the company or its investors.
Analyst Insight
Investors should note that a major institutional investor, Renaissance Technologies LLC, continues to hold a 5.0% stake in Lakeland Industries, indicating continued institutional interest. This information can be factored into a broader analysis of the company's institutional support and stability.
Key Numbers
- 5.0% — Ownership Percentage (Renaissance Technologies LLC's reported ownership of Lakeland Industries Inc. common stock as of December 29, 2023.)
Key Players & Entities
- Renaissance Technologies LLC (company) — the investment firm filing the SC 13G/A
- Lakeland Industries Inc. (company) — the subject company whose stock is being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the date the SC 13G/A was filed
- 5.0% (dollar_amount) — percentage of Lakeland Industries' common stock owned by Renaissance Technologies LLC
Forward-Looking Statements
- Renaissance Technologies LLC will maintain a significant, but non-controlling, stake in Lakeland Industries Inc. for the foreseeable future. (Renaissance Technologies LLC) — medium confidence, target: 2025-02-13
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by Renaissance Technologies LLC, an investment firm based in New York, NY.
What company's stock is the subject of this filing?
The subject company for this filing is Lakeland Industries Inc., which manufactures orthopedic, prosthetic & surgical appliances & supplies, and is based in Huntsville, AL.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
What percentage of Lakeland Industries' common stock does Renaissance Technologies LLC now report owning?
As of December 29, 2023, Renaissance Technologies LLC reported owning 5.0% of Lakeland Industries Inc.'s common stock.
What is the CUSIP number for Lakeland Industries' common stock?
The CUSIP number for Lakeland Industries' common stock is 511795106.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding LAKELAND INDUSTRIES INC (LAKE).