Penserra Capital Management LLC Invests $4.49 Million in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Penserra Capital Management LLC bought a new stake in Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 315,029 shares of the financial services provider's stock, valued at approximately $4,486,000. Penserra Capital Management LLC owned approximately 0.27% of Royce Small-Cap Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RVT. Raymond James Financial Inc. bought a new position in Royce Small-Cap Trust in the 4th quarter valued at $48,539,000. Modern Wealth Management LLC bought a new position in Royce Small-Cap Trust during the fourth quarter worth about $8,718,000. LPL Financial LLC boosted its holdings in Royce Small-Cap Trust by 37.5% in the 4th quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider's stock worth $19,910,000 after buying an additional 343,597 shares during the period. Wells Fargo & Company MN boosted its stake in Royce Small-Cap Trust by 23.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider's stock worth $26,444,000 after purchasing an additional 315,880 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Royce Small-Cap Trust by 8.3% in the fourth quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider's stock valued at $24,548,000 after acquiring an additional 118,894 shares during the period. 25.57% of the stock is owned by institutional investors.

Royce Small-Cap Trust Stock Down 1.1%

NYSE:RVT traded down $0.17 during trading hours on Friday, hitting $15.39. The stock had a trading volume of 308,554 shares, compared to its average volume of 265,501. The company has a 50 day simple moving average of $14.92 and a two-hundred day simple moving average of $14.97. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.54%. 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 Royce Small-Cap Trust 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 sale, the insider owned 86,938 shares in the company, valued at approximately $1,300,592.48. This trade represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.