Insider Buying: Royce Focus Trust VP Purchases 15,839 Shares of Stock (FUND)
Royce Focus Trust (NASDAQ:FUND) VP W Whitney George bought 15,839 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $7.24 per share, for a total transaction of $114,674.36. Following the acquisition, the vice president now directly owns 1,861,370 shares of the company’s stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Royce Focus Trust (NASDAQ:FUND) remained flat at $7.25 during during mid-day trading trading on Monday. The stock had a trading volume of 27,461 shares. Royce Focus Trust has a 52 week low of $6.21 and a 52 week high of $7.46. The stock’s 50-day moving average is $7.24 and its 200-day moving average is $7.06. The company has a market cap of $157.3 million and a P/E ratio of 7.52.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Thursday, September 12th.
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