Christopher Clark Purchases 4,500 Shares of Royce Small-Cap Trust (NYSE:RVT) Stock

Royce Small-Cap Trust, Inc. (NYSE:RVT) President Christopher Clark bought 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average price of $16.69 per share, with a total value of $75,105.00. Following the completion of the transaction, the president directly owned 47,235 shares of the company’s stock, valued at $788,352.15. This represents a 10.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Royce Small-Cap Trust Price Performance

RVT opened at $16.42 on Friday. The business’s fifty day simple moving average is $17.56 and its 200 day simple moving average is $16.64. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $18.73.

Royce Small-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 12th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 7.3%.

Institutional Trading of Royce Small-Cap Trust

A number of hedge funds have recently bought and sold shares of RVT. Cornerstone Advisors LLC grew its position in Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock valued at $11,057,000 after acquiring an additional 566,576 shares during the last quarter. Morgan Stanley raised its stake in shares of Royce Small-Cap Trust by 9.1% during the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after acquiring an additional 519,959 shares in the last quarter. Paller Financial Services Inc bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth approximately $5,106,000. Raymond James Financial Inc. lifted its holdings in shares of Royce Small-Cap Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after acquiring an additional 198,905 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in shares of Royce Small-Cap Trust by 41.1% in the 3rd quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock valued at $10,786,000 after purchasing an additional 197,680 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.