Royce Small-Cap Trust (NYSE:RVT) Hits New 52-Week High – Time to Buy?

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

Royce Small-Cap Trust Trading Up 0.6%

The business has a fifty day moving average price of $17.52 and a 200 day moving average price of $16.95.

Royce Small-Cap Trust Cuts Dividend

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

Insider Buying and Selling

In related news, President Christopher D. Clark purchased 4,500 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of $16.69 per share, for a total transaction of $75,105.00. Following the transaction, the president owned 47,235 shares of the company’s stock, valued at $788,352.15. This represents a 10.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RVT. Bank of America Corp DE lifted its position in Royce Small-Cap Trust by 0.9% in the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock worth $94,718,000 after purchasing an additional 54,485 shares during the period. Morgan Stanley increased its position in shares of Royce Small-Cap Trust by 9.1% during the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after purchasing an additional 519,959 shares during the period. Raymond James Financial Inc. increased its position in shares of Royce Small-Cap Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 198,905 shares during the period. LPL Financial LLC raised its stake in shares of Royce Small-Cap Trust by 9.4% in the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock worth $36,338,000 after buying an additional 194,412 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Royce Small-Cap Trust by 1.7% in the 4th quarter. Royal Bank of Canada now owns 1,611,687 shares of the financial services provider’s stock worth $25,949,000 after buying an additional 26,655 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

About Royce Small-Cap Trust

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.