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Pacific Ridge Trims NWPX Stake, Caution Amid Stock Surge
Description
Pacific Ridge Capital Partners sold nearly forty thousand shares of NWPX Infrastructure, reducing its position value by eight hundred five thousand dollars. Despite this, they still hold a 1.86% stake. NWPX shares surged 191.8% over the past year, building key water infrastructure across North America. Investors are watching NWPXs expanding precast product backlog, but risks remain due to potential project delays or rising steel costs. Pacific Ridges sale indicates caution amidst the stocks hot run, leaving room for savvy players to monitor the backlogs performance.
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