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.
On December 31, 2023, Chuck Royce (Trades, Portfolio)'s investment firm made a notable addition to its holdings by acquiring 116,5775 shares of SecureWorks Corp (NASDAQ:SCWX), a leading cybersecurity provider. The shares were purchased at a price of $7.38 each, reflecting a belief in the company's value at a total position of 0.09% in the portfolio and 7.14% of the company's outstanding shares. Charles M. Royce, a venerated figure in small-cap investing, has been at the helm of Royce Pennsylvania Mutual Fund since 1972.
On December 31, 2023, the investment firm led by Chuck Royce (Trades, Portfolio) executed a notable transaction involving Orion Group Holdings Inc (NYSE:ORN), a specialty construction company. Charles M. Royce, a renowned figure in the investment world, has been at the helm of Royce Pennsylvania Mutual Fund since 1972. With a bachelor's degree from Brown University and an MBA from Columbia University, Royce has established a reputation as a pioneer in small-cap investing.