Marathon Digital Holdings Inc (MARA)

[onewhoknows2much]

Ask any CEO of any microcap company if they could land just one institutional name as a buyer of their stock, there's a high likelihood that Royce would be on their list. 40 years in the business and $24 Billion under management.

While there is no assurance this will happen, what often times does occur is that smaller funds will piggy back the investment of a larger institution like Royce. Smaller funds know that Royce likely did considerable work on the name prior to taking a position, therefore the smaller funds often rely on their due diligence leading to a possible follow on investment.

Long story short, smaller PM's can often view Royce's taking a position of a leading indicator of a name to look at and possible opportunity.

Generally speaking, the building of institutional interest in a small name is lead by a large fund taking a position rather than the opposite. Only time will tell if Royce is a beginning, and others soon follow, or if they are unique in their interest.