Royce Small-Cap Trust (NYSE:RVT) Hits New 12-Month High – Should You Buy?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.88 and last traded at $18.78, with a volume of 198619 shares traded. The stock had previously closed at $18.68.

Royce Small-Cap Trust Price Performance

The firm has a 50-day moving average price of $17.52 and a 200-day moving average price of $16.99.

Royce Small-Cap Trust Cuts Dividend

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

Insiders Place Their Bets

In related news, President Christopher D. Clark acquired 4,500 shares of Royce Small-Cap Trust stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average price of $16.69 per share, with a total value of $75,105.00. Following the transaction, the president directly owned 47,235 shares in the company, valued at approximately $788,352.15. This represents a 10.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RVT. NewEdge Advisors LLC increased its position in Royce Small-Cap Trust by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock valued at $759,000 after buying an additional 2,919 shares in the last quarter. Jane Street Group LLC bought a new position in Royce Small-Cap Trust during the 1st quarter valued at approximately $186,000. Cetera Investment Advisers increased its position in Royce Small-Cap Trust by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock valued at $546,000 after buying an additional 2,494 shares in the last quarter. Walleye Capital LLC bought a new position in Royce Small-Cap Trust during the 2nd quarter valued at approximately $775,000. Finally, Brown Advisory Inc. increased its position in Royce Small-Cap Trust by 69.8% during the 2nd quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider’s stock valued at $373,000 after buying an additional 10,193 shares in the last quarter. Institutional investors 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.