Shaker Financial Services LLC Sells 108,347 Shares of Royce Small-Cap Trust, Inc. $RVT

Shaker Financial Services LLC lessened its holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 37.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,349 shares of the financial services provider’s stock after selling 108,347 shares during the period. Shaker Financial Services LLC’s holdings in Royce Small-Cap Trust were worth $2,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waterfront Wealth Inc. boosted its stake in shares of Royce Small-Cap Trust by 41.1% during the third 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. Blue Bell Private Wealth Management LLC increased its stake in shares of Royce Small-Cap Trust by 14.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock valued at $9,087,000 after buying an additional 71,196 shares during the period. TrueMark Investments LLC acquired a new position in shares of Royce Small-Cap Trust in the third quarter valued at approximately $1,114,000. Cornerstone Advisors LLC increased its stake in shares of Royce Small-Cap Trust by 476.3% in the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock valued at $11,057,000 after buying an additional 566,576 shares during the period. Finally, Paller Financial Services Inc acquired a new position in shares of Royce Small-Cap Trust in the fourth quarter valued at approximately $5,106,000. Institutional investors own 25.57% of the company’s stock.

Insiders Place Their Bets

In other Royce Small-Cap Trust news, President Christopher D. Clark bought 4,500 shares of Royce Small-Cap Trust stock in a transaction on Tuesday, March 24th. The shares were purchased at an average cost of $16.69 per share, with a total value of $75,105.00. Following the acquisition, the president directly owned 47,235 shares of the company’s stock, valued at $788,352.15. The trade was a 10.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Royce Small-Cap Trust Price Performance

RVT opened at $18.08 on Friday. Royce Small-Cap Trust, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $18.73. The company’s 50 day moving average price is $17.50 and its two-hundred day moving average price is $16.75.

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, March 12th.

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.