Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) insider Charles M. Royce sold 21,735 shares of Royce Small-Cap Trust stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $14.96, for a total value of $325,155.60. Following the sale, the insider owned 86,938 shares of the company's stock, 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 is available at the SEC website.
Royce Small-Cap Trust Stock Performance
Shares of NYSE RVT traded up $0.12 during mid-day trading on Monday, reaching $15.06. 224,177 shares of the company were exchanged, compared to its average volume of 264,897. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $16.93. The company's 50 day moving average price is $14.64 and its 200 day moving average price is $14.97.
Royce Small-Cap Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend was Thursday, June 12th.
Hedge Funds Weigh In On Royce Small-Cap Trust
Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Royce Small-Cap Trust in the fourth quarter worth approximately $48,539,000. LPL Financial LLC lifted its holdings in shares of Royce Small-Cap Trust by 52.3% in the 1st quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider's stock worth $27,336,000 after acquiring an additional 659,578 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth approximately $8,718,000. Wells Fargo & Company MN boosted its stake in shares of 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 valued at $26,444,000 after purchasing an additional 315,880 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of Royce Small-Cap Trust during the 1st quarter valued at $4,486,000. 25.57% of the stock is currently owned by institutional investors.
Royce Small-Cap Trust Company Profile
(
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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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