On the 31st of December, Royce & Associates sold 1.1 million Raven Industries , Inc. (NASDAQ:RAVN) shares for $36 million at an average price of $33.09 per share. Shares of Raven Industries, Inc. are up 2.57% since the transaction.
Royce & Associates's holding in Raven Industries, Inc. decreased to about 1 million shares with the transaction.
Royce & Associates first bought Raven Industries, Inc. stock in the third quarter of 2001. Royce & Associates also owns Carlisle Companies Incorporated (NYSE:CSL (OTC:CSLLY)), 3M (MMM), Digital Turbine Inc (NASDAQ:APPS) and Tredegar Corporation (TG). Raven Industries, Inc. is its number one position by number of shares and market value among conglomerates stocks.
Other investors who also reduced their Raven Industries, Inc. shares include Citigroup (NYSE:C), Mairs & Power Inc, and Millennium Management. Contrary to Royce & Associates, Atlanta Capital Management and Fuller & Thaler Asset Management added to RAVN shares, while Nikko Asset Management Americas introduced RAVN shares to their portfolio.
Royce & Associates also reduced their share in AXT Inc (NASDAQ:AXTI), Hurco Companies, Inc. (HURC), Century Casinos , Inc. (NASDAQ:CNTY), Heidrick & Struggles Internatio (NASDAQ:HSII), Intevac , Inc. (NASDAQ:IVAC), Haynes International, Inc. (NASDAQ:HAYN), Kimball International, Inc. (KBAL), Insteel Industries , Inc. (NASDAQ:IIIN), Invacare Corporation (NYSE:IVC), Meredith Corp (NYSE:MDP), FARO Technologies, Inc. (FARO), Bowl America, Inc. (BWL.A), Lindsay Corporation (NYSE:LNN), Frequency Electronics, Inc. (FEIM), Kadant Inc (NYSE:KAI), Miller Industries, Inc. (MLR), Synalloy Corporation (SYNL), LSI Industries Inc. (LYTS), PICO Holdings Inc. (PICO), Preformed Line Products Company (PLPC), Universal Stainless & Alloy Pro (USAP), LightPath Technologies, Inc. (LPTH), National Bankshares, Inc. (NASDAQ:NKSH), Aehr Test Systems (AEHR), GP Strategies Corporation (NYSE:GPX), Timberland Bancorp, Inc. (TSBK), Ames National Corporation (ATLO), Northrim BanCorp Inc (NRIM), Gencor Industries Inc. (GENC), Chembio Diagnostics Inc (NASDAQ:CEMI), Vishay Precision Group, Inc. (NYSE:VPG), New Home Company Inc. (The) (NWHM), Marcus & Millichap (MMI), Patriot Transportation Holding, (PATI), SEACOR Marine Holdings Inc . (NYSE:SMHI) and Ranger Energy Services , Inc. (NYSE:RNGR). The total value of the shares sold is estimated at around $162 million.
Additionally, Royce & Associates increased their share in Houston Wire & Cable Company (HWCC), Northwest Pipe Company (NASDAQ:NWPX), Shoe Carnival , Inc. (NASDAQ:SCVL), Commercial Vehicle Group, Inc. (NASDAQ:CVGI), National Presto Industries, Inc (NPK), John B. Sanfilippo & Son, Inc. (JBSS), Hooker Furniture Corporation (NASDAQ:HOFT), Johnson Outdoors Inc. (NASDAQ:JOUT), Forrester Research , Inc. (NASDAQ:FORR), Luna Innovations Inc (NASDAQ:LUNA), PCTEL, Inc. (NASDAQ:PCTI), Richardson Electronics, Ltd. (RELL), Seneca Foods Corp. (SENEA), Fauquier Bankshares, Inc. (FBSS), AstroNova, Inc. (ALOT), Flexsteel Industries, Inc. (FLXS), IntriCon Corporation (IIN), Mesa Laboratories , Inc. (NASDAQ:MLAB), America's Car-Mart, Inc. (NASDAQ:CRMT), CPI Aerostructures, Inc. (NYSE:CVU), EVI Industries, Inc. (EVI), Kulicke and Soffa Industries, I (KLIC), Iteris , Inc. (NASDAQ:ITI), Aviat Networks , Inc. (NASDAQ:AVNW), Silvercrest Asset Management Gr (SAMG), Horizon Global Corporation (NYSE:HZN), MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), Unique Fabricating, Inc. (NYSE:UFAB), SecureWorks Corp. (NASDAQ:SCWX), Infrastructure and Energy Alter (IEA), International Money Express, In (NASDAQ:IMXI), RA Medical Systems Inc (RMED), Postal Realty Trust, Inc. (NYSE:PSTL) and OneWater Marine Inc. (NASDAQ:ONEW). The total value of the shares bought is estimated at around $130 million.