Private Advisor Group LLC Grows Stake in Royce Small-Cap Trust, Inc. (NYSE:RVT)

Private Advisor Group LLC lifted its holdings in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT - Free Report) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,122 shares of the financial services provider's stock after purchasing an additional 18,927 shares during the quarter. Private Advisor Group LLC owned 0.14% of Royce Small-Cap Trust worth $2,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. bought a new stake in Royce Small-Cap Trust in the 4th quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its position 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 buying an additional 9,922 shares during the last quarter. Inscription Capital LLC bought a new stake in Royce Small-Cap Trust in the 1st quarter worth approximately $156,000. Jaffetilchin Investment Partners LLC lifted its position 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 buying an additional 1,019 shares during the last quarter. Finally, Keyes Stange & Wooten Wealth Management LLC bought 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

RVT stock traded up $0.02 during midday trading on Monday, hitting $15.50. The company had a trading volume of 49,525 shares, compared to its average volume of 273,733. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $16.93. The stock's 50 day moving average price is $15.05 and its 200 day moving average price is $14.92.

Royce Small-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.48%.

Insiders Place Their Bets

In other news, insider Charles M. Royce sold 21,735 shares of the stock in a transaction 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 sale, the insider directly owned 86,938 shares of the company's stock, valued at approximately $1,300,592.48. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by insiders.

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.