Key Points
- Christopher Clark, President of Royce Small-Cap Trust, bought 4,500 shares on March 24 at $16.69 each for $75,105, bringing his stake to 47,235 shares—a 10.53% increase valued at $788,352.15.
- The company declared a quarterly dividend of $0.30 (record/ex-dividend date March 12; payable March 30), equal to a $1.20 annualized payout and a 7.1% yield.
- RVT shares opened at $16.90; the 52-week range is $12.12–$18.73, with 50-day and 200-day moving averages of $17.58 and $16.64, respectively.
Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) President Christopher Clark purchased 4,500 shares of Royce Small-Cap Trust stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of $16.69 per share, for a total transaction of $75,105.00. Following the completion of the transaction, the president directly owned 47,235 shares in the company, valued at $788,352.15. This represents a 10.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Royce Small-Cap Trust Stock Performance
NYSE RVT opened at $16.90 on Thursday. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $18.73. The business has a 50 day moving average price of $17.58 and a two-hundred day moving average price of $16.64.
Royce Small-Cap Trust Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 12th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 7.1%.
Institutional Investors Weigh In On Royce Small-Cap Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westfuller Advisors LLC acquired a new position in Royce Small-Cap Trust in the 3rd quarter worth $29,000. Newbridge Financial Services Group Inc. purchased a new position in Royce Small-Cap Trust in the 2nd quarter valued at about $28,000. Quent Capital LLC acquired a new stake in shares of Royce Small-Cap Trust during the third quarter valued at about $46,000. Coastline Trust Co acquired a new stake in shares of Royce Small-Cap Trust during the third quarter valued at about $48,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Royce Small-Cap Trust during the third quarter worth about $51,000. Hedge funds and other institutional investors own 25.57% of the company's stock.
About Royce Small-Cap Trust
(
Get Free Report)
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.
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