Oppenheimer & Co. Inc. Boosts Stock Position in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Oppenheimer & Co. Inc. grew its holdings in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 25.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208,136 shares of the financial services provider's stock after purchasing an additional 42,481 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.18% of Royce Small-Cap Trust worth $2,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new stake in Royce Small-Cap Trust in the 4th quarter worth approximately $29,000. Farther Finance Advisors LLC increased its holdings in Royce Small-Cap Trust by 6,938.5% in the 1st quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider's stock worth $144,000 after acquiring an additional 9,922 shares in the last quarter. Inscription Capital LLC purchased a new stake in Royce Small-Cap Trust in the 1st quarter worth approximately $156,000. Jaffetilchin Investment Partners LLC increased its holdings in Royce Small-Cap Trust by 11.1% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock worth $161,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Keyes Stange & Wooten Wealth Management LLC purchased a new stake in Royce Small-Cap Trust in the 4th quarter worth approximately $170,000. Hedge funds and other institutional investors own 25.57% of the company's stock.

Royce Small-Cap Trust Stock Performance

Royce Small-Cap Trust stock remained flat at $14.97 during midday trading on Friday. 485,617 shares of the company traded hands, compared to its average volume of 264,663. The stock has a 50-day moving average of $14.60 and a two-hundred day moving average of $14.99. Royce Small-Cap Trust, Inc. has a one year low of $12.12 and a one 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. Shareholders of record on Thursday, June 12th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date was Thursday, June 12th.

Insider Buying and Selling at Royce Small-Cap Trust

In other Royce Small-Cap Trust news, insider Charles M. Royce sold 21,735 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $14.96, for a total transaction of $325,155.60. Following the completion of the sale, the insider now directly owns 86,938 shares of the company's stock, valued at $1,300,592.48. This trade represents a 20.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.06% of the company's stock.

Royce Small-Cap Trust Company 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.