Readystate Asset Management LP Sells 187,897 Shares of Royce Small-Cap Trust, Inc. $RVT

Readystate Asset Management LP lowered its position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) by 80.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,812 shares of the financial services provider’s stock after selling 187,897 shares during the quarter. Readystate Asset Management LP’s holdings in Royce Small-Cap Trust were worth $723,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Whitener Capital Management Inc. raised its stake in Royce Small-Cap Trust by 1.6% during the 3rd quarter. Whitener Capital Management Inc. now owns 48,512 shares of the financial services provider’s stock worth $782,000 after buying an additional 754 shares during the period. Wedbush Securities Inc. raised its position in shares of Royce Small-Cap Trust by 3.5% during the third quarter. Wedbush Securities Inc. now owns 24,347 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 814 shares during the period. Stolper Co lifted its holdings in shares of Royce Small-Cap Trust by 1.7% during the 3rd quarter. Stolper Co now owns 51,379 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 848 shares in the last quarter. NWF Advisory Services Inc. lifted its holdings in shares of Royce Small-Cap Trust by 2.1% during the 3rd quarter. NWF Advisory Services Inc. now owns 56,052 shares of the financial services provider’s stock valued at $904,000 after purchasing an additional 1,149 shares in the last quarter. Finally, RB Capital Management LLC grew its position in shares of Royce Small-Cap Trust by 0.7% in the 3rd quarter. RB Capital Management LLC now owns 165,823 shares of the financial services provider’s stock valued at $2,675,000 after purchasing an additional 1,198 shares during the period. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Stock Performance

Shares of RVT stock opened at $18.59 on Thursday. The company’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $16.34. Royce Small-Cap Trust, Inc. has a 52 week low of $12.12 and a 52 week high of $18.73.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, December 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.6%.

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.