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Peregrine Capital Management Cuts Stake in Novanta Inc. Amidst ... - Best Stocks

In a recent Securities and Exchange Commission (SEC) filing, Peregrine Capital Management LLC revealed a significant reduction in its holdings of Novanta Inc. (NASDAQ:NOVT). The renowned hedge fund giant reported a decrease of 24.5% during the first quarter of this year, selling off 2,498 shares of the technology company’s stock. With values reaching approximately $1,222,000 at the end of the reporting period, Peregrine Capital Management LLC has demonstrated a defensive maneuver against potential market volatility. This strategic move is a testament to the inherent uncertainties prevailing within financial markets.

beststocks.com Jul 15, 2023

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