Key Points
- Insider buying: Royce Small-Cap Trust President Christopher Clark purchased 1,200 shares at $17.06 each, investing $20,472 and increasing his direct holdings by 2.28% to 53,840 shares.
- Dividend increased: The fund raised its quarterly dividend from $0.31 to $0.33 per share, equating to an annualized $1.32 dividend and a 7.7% yield.
- Stock and ownership: RVT opened at $17.05 and was down 0.4%, while institutional investors and hedge funds collectively owned 25.57% of the fund.
Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) President Christopher Clark purchased 1,200 shares of the company's stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $17.06 per share, for a total transaction of $20,472.00. Following the completion of the purchase, the president directly owned 53,840 shares of the company's stock, valued at $918,510.40. The trade was a 2.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Royce Small-Cap Trust Trading Down 0.4%
Shares of NYSE:RVT opened at $17.05 on Thursday. Royce Small-Cap Trust, Inc. has a 1 year low of $14.97 and a 1 year high of $19.12. The business has a fifty day simple moving average of $18.18 and a 200 day simple moving average of $17.97.
Royce Small-Cap Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Friday, September 11th. This is an increase from Royce Small-Cap Trust's previous quarterly dividend of $0.31.
Institutional Investors Weigh In On Royce Small-Cap Trust
Several institutional investors have recently made changes to their positions in RVT. Western Wealth Management LLC bought a new stake in shares of Royce Small-Cap Trust in the 1st quarter valued at approximately $28,000. Integrated Wealth Concepts LLC bought a new position in Royce Small-Cap Trust during the second quarter valued at approximately $35,000. Fairway Wealth LLC bought a new position in Royce Small-Cap Trust during the first quarter valued at approximately $33,000. Private Wealth Asset Management LLC acquired a new stake in Royce Small-Cap Trust in the fourth quarter valued at approximately $52,000. Finally, Pingora Partners LLC acquired a new stake in Royce Small-Cap Trust in the second quarter valued at approximately $67,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.
Royce Small-Cap Trust Company Profile
(
Get Free Report)
Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.
RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.
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