Royce Small-Cap Trust (NYSE:RVT) Hits New 12-Month High – What’s Next?

Royce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.88 and last traded at $18.78, with a volume of 198619 shares traded. The stock had previously closed at $18.68.

Royce Small-Cap Trust Price Performance

The stock has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $17.02.

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Royce Small-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Thursday, March 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Thursday, March 12th.

Insiders Place Their Bets

In other Royce Small-Cap Trust news, President Christopher D. Clark bought 4,500 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average price 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 of the company’s stock, valued at $788,352.15. This trade represents a 10.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RVT. Newbridge Financial Services Group Inc. purchased a new stake in shares of Royce Small-Cap Trust during the second quarter worth $28,000. Westfuller Advisors LLC purchased a new stake in shares of Royce Small-Cap Trust during the third quarter worth $29,000. Fairway Wealth LLC purchased a new stake in shares of Royce Small-Cap Trust during the first quarter worth $33,000. Quent Capital LLC purchased a new stake in shares of Royce Small-Cap Trust during the third quarter worth $46,000. Finally, Private Wealth Asset Management LLC purchased a new stake in shares of Royce Small-Cap Trust during the fourth quarter worth $52,000. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Company Profile

(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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