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Royce & Associates reduced stake in Lindsay Corporation

Published 01/27/2021, 11:33 AM
Updated 01/27/2021, 12:03 PM
© Reuters.  Royce & Associates reduced stake in Lindsay Corporation

On the 31st of December, Royce & Associates sold 98 thousand Lindsay Corporation (NYSE:LNN) shares for $13 million at an average price of $128.46 per share. Shares of Lindsay Corporation are up 11.68% since the transaction.

Royce & Associates's holding in Lindsay Corporation decreased to about 701 thousand shares with the transaction.

Royce & Associates first bought Lindsay Corporation stock in the first quarter of 2001. Royce & Associates also owns Colfax Corp (NYSE:CFX), Miller Industries, Inc. (MLR), John Bean Technologies Corp . (NYSE:JBT) and CIRCOR International, Inc. (CIR). Lindsay Corporation is its number one position by number of shares and market value among machinery stocks.

Other investors who also reduced their Lindsay Corporation shares include Citigroup (NYSE:C), Millennium Management, and Squarepoint Ops. Contrary to Royce & Associates, Victory Capital Management established new holdings in Lindsay Corporation.

Royce & Associates has also recently reduced their share in Hurco Companies, Inc. (HURC), Miller Industries, Inc. and Gencor Industries Inc. (GENC). The total value of the shares sold is estimated at around $6.8 million.

Additionally, Royce & Associates increased their share in EVI Industries, Inc. (EVI).

Royce & Associates also reduced their share in Century Casinos , Inc. (NASDAQ:CNTY), Intevac , Inc. (NASDAQ:IVAC), Haynes International, Inc. (NASDAQ:HAYN), Kimball International, Inc. (KBAL), Insteel Industries , Inc. (NASDAQ:IIIN), FARO Technologies, Inc. (FARO), Bowl America, Inc. (BWL.A), Frequency Electronics, Inc. (FEIM), Synalloy Corporation (SYNL), LSI Industries Inc. (LYTS), GP Strategies Corporation (NYSE:GPX), Northrim BanCorp Inc (NRIM) and SEACOR Marine Holdings Inc . (NYSE:SMHI). The total value of the shares sold is estimated at around $52 million.

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Additionally, Royce & Associates added to their share in Houston Wire & Cable Company (HWCC), Northwest Pipe Company (NASDAQ:NWPX), National Presto Industries, Inc (NPK), Hooker Furniture Corporation (NASDAQ:HOFT), Johnson Outdoors Inc. (NASDAQ:JOUT), Forrester Research , Inc. (NASDAQ:FORR), 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), Iteris , Inc. (NASDAQ:ITI), Aviat Networks , Inc. (NASDAQ:AVNW), Horizon Global Corporation (NYSE:HZN), MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), International Money Express, In (NASDAQ:IMXI) and OneWater Marine Inc. (NASDAQ:ONEW). The total value of the shares bought is estimated at around $75 million.

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