Polar Asset Management Trims Lakeland Industries Stake

Institutional investor reduces holding in medical equipment supplier by over 80%

Mar. 21, 2026 at 9:18am

Got story updates? Submit your updates here. ›

Polar Asset Management Partners Inc. has reduced its stake in Lakeland Industries, Inc. (NASDAQ:LAKE) by 83.4% in the third quarter, according to a recent SEC filing. The institutional investor now owns 53,697 shares of the medical instruments supplier's stock, down from 323,492 shares previously.

Why it matters

Lakeland Industries is a leading provider of protective apparel and accessories for industrial, healthcare, and emergency response environments. Shifts in institutional ownership can signal changes in market sentiment or strategic direction for the company.

The details

According to the 13F filing, Polar Asset Management Partners sold 269,795 shares of Lakeland Industries in the third quarter, leaving the firm with a 0.55% ownership stake valued at $795,000. The move comes as Lakeland Industries has faced headwinds, with its stock price declining from over $21 per share to around $8 per share in the past year.

  • Polar Asset Management Partners filed its 13F report for the third quarter of 2026 on March 21, 2026.

The players

Polar Asset Management Partners Inc.

An institutional investment firm that has reduced its stake in Lakeland Industries.

Lakeland Industries, Inc.

A global provider of high-performance protective apparel and accessories for industrial, healthcare, and emergency response environments.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Polar Asset Management's position in Lakeland Industries reflects the broader challenges facing the medical equipment supplier, as its stock price has declined significantly over the past year. However, the company remains a key player in the protective apparel market, and changes in institutional ownership can signal potential shifts in the company's strategic direction.