Penserra Capital Management LLC Makes New Investment in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Penserra Capital Management LLC acquired a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 315,029 shares of the financial services provider's stock, valued at approximately $4,486,000. Penserra Capital Management LLC owned 0.27% of Royce Small-Cap Trust at the end of the most recent quarter.

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

Insider Activity at Royce Small-Cap Trust

In related news, insider Charles M. Royce sold 21,735 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $14.96, for a total value of $325,155.60. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

Royce Small-Cap Trust Stock Down 1.4%

NYSE:RVT opened at $15.31 on Tuesday. The stock's 50-day moving average is $14.81 and its two-hundred day moving average is $14.96. Royce Small-Cap Trust, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $16.93.

Royce Small-Cap Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were paid a $0.29 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.16 annualized dividend and a dividend yield of 7.58%.

About Royce Small-Cap Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.