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Royce & Associates increased stake in Aviat Networks, Inc.

Published 01/21/2021, 11:29 AM
Updated 01/21/2021, 11:30 AM
© Reuters.  Royce & Associates increased stake in Aviat Networks, Inc.

On the 31st of December, Royce & Associates bought 73 thousand Aviat Networks , Inc. (NASDAQ:AVNW) shares for $2.5 million at an average price of $34.15 per share. Shares of Aviat Networks, Inc. are up 13.15% since the transaction.

Royce & Associates's holding in Aviat Networks, Inc. increased to about 279 thousand shares with the purchase.

Royce & Associates first bought Aviat Networks, Inc. stock in the first quarter of 2010. Royce & Associates also owns Identiv, Inc. (NASDAQ:INVE), Digi International Inc. (NASDAQ:DGII), ADTRAN, Inc. (ADTN) and Comtech Telecommunications Corp (NASDAQ:CMTL). Aviat Networks, Inc. is its number five position by number of shares and market value among communications equipment stocks.

Royce & Associates also reduced their share in Kimball International, Inc. (KBAL), Insteel Industries , Inc. (NASDAQ:IIIN), Bowl America, Inc. (BWL.A), Synalloy Corporation (SYNL), Northrim BanCorp Inc (NRIM) and SEACOR Marine Holdings Inc . (NYSE:SMHI). The total value of the shares sold is estimated at around $41 million.

Additionally, Royce & Associates added to their share in Northwest Pipe Company (NASDAQ:NWPX), AstroNova, Inc. (ALOT), America's Car-Mart, Inc. (NASDAQ:CRMT) and OneWater Marine Inc. (NASDAQ:ONEW). The total value of the shares bought is estimated at around $7.2 million.

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