Royce Small-Cap Trust (NYSE:RVT) Reaches New 1-Year High - Still a Buy?

Key Points

• Royce Small-Cap Trust (NYSE:RVT) hit a new 52-week high, trading as high as $18.73 and last at $18.6840, above its 50-day ($17.50) and 200-day ($16.91) moving averages.
• The trust recently paid a quarterly dividend of $0.30 (annualized $1.20), implying a ~6.4% yield; the article reports this distribution was a dividend cut.
• President Christopher D. Clark purchased 4,500 shares at about $16.69 (a 10.53% increase in his position), while institutional investors hold roughly 25.57% of the stock.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.73 and last traded at $18.6840, with a volume of 180123 shares changing hands. The stock had previously closed at $18.52.

Royce Small-Cap Trust Trading Up 0.8%

The firm's fifty day moving average is $17.50 and its 200-day moving average is $16.91.

Royce Small-Cap Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 6.4%.

Insiders Place Their Bets

In related news, President Christopher D. Clark acquired 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of $16.69 per share, for a total transaction of $75,105.00. Following the completion of the acquisition, the president directly owned 47,235 shares of the company's stock, valued at approximately $788,352.15. This trade represents a 10.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is owned by insiders.

Institutional Trading of Royce Small-Cap Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westfuller Advisors LLC acquired a new stake in Royce Small-Cap Trust in the third quarter valued at $29,000. Newbridge Financial Services Group Inc. acquired a new stake in Royce Small-Cap Trust in the second quarter valued at $28,000. Fairway Wealth LLC acquired a new stake in Royce Small-Cap Trust in the first quarter valued at $33,000. Quent Capital LLC acquired a new stake in Royce Small-Cap Trust in the third quarter valued at $46,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of Royce Small-Cap Trust in the 4th quarter worth approximately $52,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust NYSE: RVT is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.

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