Oppenheimer & Co. Inc. Buys 42,481 Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT)

Oppenheimer & Co. Inc. raised its position in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 25.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,136 shares of the financial services provider's stock after acquiring an additional 42,481 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.18% of Royce Small-Cap Trust worth $2,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Royce Small-Cap Trust by 2.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 124,521 shares of the financial services provider's stock valued at $1,773,000 after acquiring an additional 3,174 shares during the period. Advisor Resource Council bought a new position in Royce Small-Cap Trust in the first quarter valued at about $433,000. Inscription Capital LLC bought a new position in Royce Small-Cap Trust in the first quarter valued at about $156,000. Janney Montgomery Scott LLC lifted its holdings in Royce Small-Cap Trust by 14.1% in the first quarter. Janney Montgomery Scott LLC now owns 502,022 shares of the financial services provider's stock valued at $7,149,000 after acquiring an additional 62,192 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Royce Small-Cap Trust by 122.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,849 shares of the financial services provider's stock valued at $439,000 after acquiring an additional 16,966 shares during the period. Institutional investors own 25.57% of the company's stock.

Royce Small-Cap Trust Price Performance

Shares of NYSE RVT remained flat at $14.97 during trading on Friday. The stock had a trading volume of 485,617 shares, compared to its average volume of 265,061. The company has a 50 day simple moving average of $14.60 and a 200 day simple moving average of $14.98. Royce Small-Cap Trust, Inc. has a 1 year low of $12.12 and a 1 year high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Thursday, June 12th.

Insider Transactions at Royce Small-Cap Trust

In other news, insider Charles M. Royce sold 21,735 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $14.96, for a total value of $325,155.60. Following the transaction, the insider now owns 86,938 shares of the company's stock, valued at $1,300,592.48. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% 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.