Insider Buying: Royce Small-Cap Trust (NYSE:RVT) President Purchases 1,200 Shares of Stock

Royce Small-Cap Trust, Inc. (NYSE:RVT) President Christopher Clark purchased 1,200 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average price of $17.06 per share, for a total transaction of $20,472.00. Following the completion of the acquisition, the president directly owned 53,840 shares in the company, valued at approximately $918,510.40. This trade represents a 2.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Royce Small-Cap Trust Trading Down 0.4%

Shares of NYSE RVT traded down $0.07 during mid-day trading on Wednesday, reaching $17.05. 243,112 shares of the company were exchanged, compared to its average volume of 290,819. Royce Small-Cap Trust, Inc. has a 1 year low of $14.97 and a 1 year high of $19.12. The firm has a 50-day moving average of $18.20 and a 200 day moving average of $17.97.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 7.7%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Royce Small-Cap Trust by 1.9% during the 1st quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider’s stock worth $96,883,000 after buying an additional 108,629 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Royce Small-Cap Trust by 45.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 177,676 shares of the financial services provider’s stock valued at $3,282,000 after buying an additional 55,191 shares during the last quarter. Focused Wealth Management Inc acquired a new stake in Royce Small-Cap Trust in the second quarter worth about $1,357,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Royce Small-Cap Trust during the second quarter worth about $1,628,000. Finally, Comprehensive Money Management Services LLC purchased a new stake in shares of Royce Small-Cap Trust during the second quarter worth about $1,292,000. Institutional investors own 25.57% of the company’s stock.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.

RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.