Insider Selling: Royce Small-Cap Trust, Inc. (NYSE:RVT) Insider Sells 21,735 Shares of Stock

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) insider Charles M. Royce sold 21,735 shares of the company's stock in a transaction 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 can be accessed through this hyperlink.

Royce Small-Cap Trust Price Performance

Royce Small-Cap Trust stock remained flat at $14.97 during mid-day trading on Friday. 485,617 shares of the company's stock traded hands, compared to its average volume of 264,488. The business has a 50 day moving average of $14.57 and a 200 day moving average of $15.01. 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 company also recently declared 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 was Thursday, June 12th. This represents a $1.16 dividend on an annualized basis and a yield of 7.75%.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several hedge funds have recently made changes to their positions in RVT. Atria Wealth Solutions Inc. lifted its stake in Royce Small-Cap Trust by 18.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,230 shares of the financial services provider's stock worth $193,000 after acquiring an additional 1,903 shares during the period. Oppenheimer & Co. Inc. raised its stake in Royce Small-Cap Trust by 10.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 165,655 shares of the financial services provider's stock worth $2,617,000 after buying an additional 15,367 shares in the last quarter. Heritage Wealth Management Inc. lifted its holdings in Royce Small-Cap Trust by 2.9% in the fourth quarter. Heritage Wealth Management Inc. now owns 46,668 shares of the financial services provider's stock worth $737,000 after buying an additional 1,296 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Royce Small-Cap Trust by 123.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 166,040 shares of the financial services provider's stock valued at $2,623,000 after acquiring an additional 91,586 shares in the last quarter. Finally, Atria Investments Inc raised its position in shares of Royce Small-Cap Trust by 8.1% in the 4th quarter. Atria Investments Inc now owns 103,361 shares of the financial services provider's stock worth $1,633,000 after acquiring an additional 7,761 shares in the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

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.

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