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Growth Fund Sells $20 Million in Novanta Stock as Headwinds Weigh on Returns
The Motley Fool· 2025-10-27 01:31
Conestoga Capital Advisors disclosed the sale of 168,907 shares of Novanta (NOVT +8.27%) for an estimated $20.1 million trade in the third quarter.What HappenedAccording to a filing with the U.S. Securities and Exchange Commission released on Friday, Pennsylvania-based Conestoga Capital Advisors sold 168,907 shares of Novanta in the third quarter. The estimated value of the transactions, based on the average price during the quarter, was approximately $20.1 million. After the trade, Conestoga reported holdi ...