Insider Buying: Royce Small-Cap Trust (NYSE:RVT) President Acquires $75,105.00 in Stock

Royce Small-Cap Trust, Inc. (NYSE:RVT) President Christopher Clark acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of $16.69 per share, for a total transaction of $75,105.00. Following the completion of the acquisition, the president owned 47,235 shares of the company’s stock, valued at approximately $788,352.15. The trade was a 10.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Royce Small-Cap Trust Stock Performance

NYSE RVT opened at $16.12 on Friday. The firm has a 50-day moving average of $17.54 and a 200-day moving average of $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 business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 12th.

Hedge Funds Weigh In On Royce Small-Cap Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in shares of Royce Small-Cap Trust during the second quarter worth approximately $28,000. Westfuller Advisors LLC bought a new position in Royce Small-Cap Trust during the 3rd quarter worth $29,000. Quent Capital LLC acquired a new stake in shares of Royce Small-Cap Trust during the third quarter worth $46,000. Coastline Trust Co bought a new stake in shares of Royce Small-Cap Trust in the third quarter valued at about $48,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Royce Small-Cap Trust in the third quarter valued at about $51,000. Institutional investors and hedge funds 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.