On December 31, 2023, Chuck Royce (Trades, Portfolio)'s firm made a notable adjustment to its investment portfolio by reducing its stake in Universal Stainless & Alloy Products Inc (NASDAQ:USAP). Following the transaction, the firm retained 316,660 shares of USAP, which now represents a 0.06% impact on the portfolio and a 3.48% ownership of the traded company. Charles M. Royce, a venerated figure in the investment community, is renowned for his expertise in small-cap investing.
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