On December 31, 2023, Chuck Royce (Trades, Portfolio)'s firm made a notable adjustment to its investment portfolio by reducing its stake in Insteel Industries Inc. (NYSE:IIIN). The transaction involved the sale of 120,780 shares, which resulted in a 12.76% decrease in the firm's holdings in the company. Following the transaction, the firm's total share count in Insteel Industries stood at 826,134, representing a 0.32% portfolio position and a 4.25% ownership in the company.