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Royce & Associates reduced stake in Preformed Line Products Company

Published 01/27/2021, 12:05 PM
Updated 01/27/2021, 12:31 PM
© Reuters.  Royce & Associates reduced stake in Preformed Line Products Company

On the 31st of December, Royce & Associates sold 35 thousand Preformed Line Products Company (PLPC) shares for $2.4 million at an average price of $68.44 per share. Shares of Preformed Line Products Company are down -2.78% since the transaction.

Royce & Associates's holding in Preformed Line Products Company decreased to about 293 thousand shares with the transaction.

Royce & Associates first bought Preformed Line Products Company stock in the first quarter of 2001. Royce & Associates also owns LSI Industries Inc. (LYTS), IES Holdings, Inc. (IESC), nLIGHT, Inc. (NASDAQ:LASR) and Kimball Electronics, Inc. (KE). Preformed Line Products Company is its number two position by number of shares and market value among electrical equipment stocks.

Other investors who also reduced their Preformed Line Products Company shares include Citigroup (NYSE:C) and Hotchkis & Wiley Capital Management. Contrary to Royce & Associates, Millennium Management added to PLPC shares.

Royce & Associates has also recently reduced their share in LSI Industries Inc.

Royce & Associates also reduced their share in Hurco Companies, Inc. (HURC), 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), Lindsay Corporation (NYSE:LNN), Frequency Electronics, Inc. (FEIM), Miller Industries, Inc. (MLR), Synalloy Corporation (SYNL), GP Strategies Corporation (NYSE:GPX), Northrim BanCorp Inc (NRIM), Gencor Industries Inc. (GENC), New Home Company Inc. (The) (NWHM) and SEACOR Marine Holdings Inc . (NYSE:SMHI). The total value of the shares sold is estimated at around $71 million.

Additionally, Royce & Associates added to their share in Houston Wire & Cable Company (HWCC), Northwest Pipe Company (NASDAQ:NWPX), Shoe Carnival , Inc. (NASDAQ:SCVL), 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), 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), Iteris , Inc. (NASDAQ:ITI), Aviat Networks , Inc. (NASDAQ:AVNW), Horizon Global Corporation (NYSE:HZN), MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), SecureWorks Corp. (NASDAQ:SCWX), International Money Express, In (NASDAQ:IMXI), RA Medical Systems Inc (RMED) and OneWater Marine Inc. (NASDAQ:ONEW). The total value of the shares bought is estimated at around $111 million.

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