Royce & Associates reduced stake in Synalloy Corporation

Royce & Associates reduced stake in Synalloy Corporation

© Reuters.  Royce & Associates reduced stake in Synalloy Corporation © Reuters. Royce & Associates reduced stake in Synalloy Corporation

On the 31st of December, Royce & Associates sold 498 thousand Synalloy Corporation (SYNL) shares for $3.9 million at an average price of $7.80 per share. Shares of Synalloy Corporation are up 2.69% since the transaction.

Royce & Associates's holding in Synalloy Corporation decreased to about 467 thousand shares with the transaction.

Royce & Associates first bought Synalloy Corporation stock in the first quarter of 2001. Royce & Associates also owns Northwest Pipe Company (NASDAQ:NWPX), Reliance Steel And Aluminum Co (RS), Universal Stainless & Alloy Pro (USAP) and Cleveland-Cliffs Inc. (NYSE:CLF). Synalloy Corporation is its number seven position by number of shares and market value among iron & steel stocks.

Royce & Associates has also recently increased their share in Northwest Pipe Company. The total value of the shares bought is estimated at around $1.8 million.

Royce & Associates also reduced their share in Kimball International, Inc. (KBAL), Insteel Industries , Inc. (NASDAQ:IIIN), Northrim BanCorp Inc (NRIM) and SEACOR Marine Holdings Inc . (NYSE:SMHI). The total value of the shares sold is estimated at around $37 million.

In addition, Royce & Associates added to their share in OneWater Marine Inc. (NASDAQ:ONEW).

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