Pacific Ridge Capital (NASDAQ: LAKE) reports 7.9% ownership stake in Lakeland
Rhea-AI Filing Summary
Pacific Ridge Capital Partners, LLC has disclosed a significant ownership stake in Lakeland Industries, Inc. common stock. The firm reports beneficial ownership of 772,015 shares, representing 7.9% of the outstanding common stock as of the stated date.
Pacific Ridge has sole voting power over 481,357 shares and sole dispositive power over the full 772,015 shares, with no shared voting or dispositive power. The securities are stated to be acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of Lakeland Industries.
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Insights
Pacific Ridge reports a 7.9% stake in Lakeland, signaling a sizable but non-control investment position.
Pacific Ridge Capital Partners, LLC reports beneficial ownership of
The disclosure characterizes the position as acquired and held in the ordinary course of business, expressly stating it is not for the purpose of changing or influencing control. This language aligns with a passive institutional investment rather than an activist or control-focused stake.
The move confirms Lakeland has at least one institutional holder with a mid-single-digit ownership position. Any future changes in this percentage or shifts in the stated intent would likely appear in subsequent beneficial ownership reports, providing additional context on longer-term positioning.