Paller Financial Services Inc Makes New $5.11 Million Investment in Royce Small-Cap Trust, Inc. $RVT

Paller Financial Services Inc acquired a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 317,150 shares of the financial services provider’s stock, valued at approximately $5,106,000. Royce Small-Cap Trust accounts for 4.1% of Paller Financial Services Inc’s investment portfolio, making the stock its 8th biggest position. Paller Financial Services Inc owned about 0.27% of Royce Small-Cap Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of Royce Small-Cap Trust by 5.8% during the first quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock worth $759,000 after buying an additional 2,919 shares during the period. Jane Street Group LLC acquired a new position in Royce Small-Cap Trust in the 1st quarter valued at about $186,000. Cetera Investment Advisers raised its stake in Royce Small-Cap Trust by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 2,494 shares during the last quarter. Walleye Capital LLC purchased a new stake in Royce Small-Cap Trust during the 2nd quarter valued at approximately $775,000. Finally, Brown Advisory Inc. lifted its position in Royce Small-Cap Trust by 69.8% during the 2nd quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 10,193 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royce Small-Cap Trust

In other news, President Christopher D. Clark acquired 4,500 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were purchased at an average cost of $16.69 per share, for a total transaction of $75,105.00. Following the transaction, the president directly owned 47,235 shares in the company, valued at approximately $788,352.15. This represents a 10.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by corporate insiders.

Royce Small-Cap Trust Trading Up 3.3%

Shares of RVT stock opened at $16.62 on Wednesday. The business’s 50 day moving average is $17.50 and its two-hundred day moving average is $16.64. Royce Small-Cap Trust, Inc. has a twelve month low of $12.12 and a twelve month high of $18.73.

Royce Small-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 7.2%.

Royce Small-Cap Trust 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.