Royal Bank Cuts Stake in Ollie's Bargain Outlet Holdings Inc.
Royal Bank of Canada has reduced its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by selling off nearly a sixth of its shares in the first quarter.
The bank sold 86,149 shares during the period, bringing its total holdings down to approximately 437,749 shares as of March 31st.
This move shaved off around 0.72% of Ollie's Bargain Outlet's market value, which stands at $40,291,000 according to the latest SEC filing.