Published on 21 Jan 2024 on GuruFocus.com via Yahoo Finance
Chuck Royce's Firm Adds to Stake in Lakeland Industries Inc
Introduction to the Transaction
On December 31, 2023, Chuck Royce (Trades, Portfolio)'s investment firm made a notable addition to its holdings by acquiring 27,773 shares of Lakeland Industries Inc (NASDAQ:LAKE), a company specializing in industrial protective clothing. This transaction, executed at a trade price of $18.54 per share, increased the firm's total share count in LAKE to 691,951. Despite the trade's seemingly small impact on the portfolio at just 0.01%, it is significant as it represents 9.40% of the firm's holdings in the traded stock, indicating a strategic position in LAKE within the firm's investment strategy.
Profile of Guru Investor Chuck Royce (Trades, Portfolio)