Royce & Associates is a well-known small-cap value manager; its new 5% position signals conviction in Titan Machinery at current valuation. Monitor future 13G amendments for accumulation or reduction, and watch for any conversion to a 13D if the fund's intent changes.
Price Chart
Executive Summary
Royce & Associates LP, a small-cap value investment manager and indirect subsidiary of Franklin Resources, disclosed a new 5.0% passive stake in Titan Machinery Inc. as of September 30, 2026, holding 1,176,792 shares. This is a new 13G filing (not an amendment), indicating the fund accumulated the position over the prior period. As a passive filing with no activist intent, the disclosure is routine and neutral for the stock.
Key Financial Metrics
Key Facts
- Royce & Associates LP filed a new Schedule 13G disclosing beneficial ownership of 1,176,792 shares of Titan Machinery common stock.
- The stake represents 5.0% of shares outstanding as of September 30, 2026.
- Royce & Associates is an indirect majority-owned subsidiary of Franklin Resources Inc. (FRI) and is a registered investment adviser (IA).
- The filing certifies the shares were acquired in the ordinary course of business and not with the purpose of changing or influencing control.
- This is a new filing (not an amendment), as no prior 13G from Royce appears in the cross-filing context.
Financial Impact
5.0% passive stake valued at approximately $1.18 million based on share count; no transaction price disclosed.
Risk Factors
- Passive 13G filing — no activist catalyst; the fund may reduce the position without further disclosure until below 5%.
- Titan Machinery's fundamentals and end-market conditions (agriculture/construction equipment) remain the primary drivers of the stock.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000906304-26-000191 |
| Document: 0000906304-26-000191-index.html | 0000906304-26-000191 |
| Document: 0000906304-26-000191.txt | 0000906304-26-000191 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | SC 13G | $23.12 | awaiting T+20 | — | $23.29 (+0.74%) |
Jun 9, 2026 20w ago | 8-K | $20.61 $17.50 | ▼ −15.09% | ▼ −16.54% | $23.29 (+13.00%) |
May 19, 2026 23w ago | Press Release | $19.05 $19.41 | ▲ +1.89% | ▲ +0.90% | $23.29 (+22.26%) |
Apr 29, 2026 25w ago | DEFA14A | $20.27 $21.64 | ▲ +6.76% | ▲ +1.30% | $23.29 (+14.90%) |
Mar 19, 2026 31w ago | 8-K | $14.15 $20.35 | ▲ +43.82% | ▲ +36.20% | $23.29 (+64.59%) |
Mar 19, 2026 31w ago | Press Release | $14.15 $20.35 | ▲ +43.82% | ▲ +36.20% | $23.29 (+64.59%) |
Mar 5, 2026 33w ago | Press Release | $18.95 $17.24 | ▼ −9.02% | ▼ −5.24% | $23.29 (+22.90%) |
US Market Status
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