Gabelli Funds LLC Has $1.43 Million Stock Position in Royce Small-Cap Trust, Inc. $RVT

Key Points

• Gabelli Funds LLC reduced its holdings in Royce Small-Cap Trust, Inc. by 16.9% in the first quarter, now owning 100,658 shares worth approximately $1.43 million.
• Insider Charles M. Royce sold 21,735 shares of the trust at an average price of $14.96, resulting in a 20% decrease in his ownership.
• The trust recently announced a quarterly dividend of $0.29 per share, yielding 7.2% on an annualized basis.

Gabelli Funds LLC decreased its holdings in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 16.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,658 shares of the financial services provider's stock after selling 20,500 shares during the quarter. Gabelli Funds LLC owned 0.09% of Royce Small-Cap Trust worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RVT. Bank of America Corp DE boosted its stake in shares of Royce Small-Cap Trust by 1.5% during the 4th quarter. Bank of America Corp DE now owns 5,848,923 shares of the financial services provider's stock worth $92,413,000 after acquiring an additional 87,541 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Royce Small-Cap Trust by 52.3% during the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider's stock worth $27,336,000 after acquiring an additional 659,578 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Royce Small-Cap Trust by 8.3% during the 4th quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider's stock worth $24,548,000 after acquiring an additional 118,894 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Royce Small-Cap Trust by 13.2% during the 4th quarter. Lazard Asset Management LLC now owns 556,039 shares of the financial services provider's stock worth $8,785,000 after acquiring an additional 65,046 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Royce Small-Cap Trust by 14.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 502,022 shares of the financial services provider's stock worth $7,149,000 after acquiring an additional 62,192 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company's stock.

Royce Small-Cap Trust Stock Performance

Shares of RVT traded down $0.02 during trading hours on Wednesday, hitting $16.03. 331,635 shares of the company were exchanged, compared to its average volume of 281,646. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $16.93. The firm's 50 day moving average is $15.46 and its 200-day moving average is $14.82.

Insider Buying and Selling at Royce Small-Cap Trust

In related news, insider Charles M. Royce sold 21,735 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $14.96, for a total transaction of $325,155.60. Following the completion of the transaction, the insider owned 86,938 shares of the company's stock, valued at approximately $1,300,592.48. The trade was a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Royce Small-Cap Trust Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.