Royce Value Trust Inc. (NYSE:RVT) Short Interest Update

Royce Value Trust Inc. (NYSE:RVT) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 11,700 shares, a decrease of 24.5% from the February 29th total of 15,500 shares. Based on an average trading volume of 248,700 shares, the short-interest ratio is presently 0.0 days.

Royce Value Trust Stock Performance

Shares of Royce Value Trust stock opened at $15.17 on Friday. The business has a 50-day moving average of $14.51 and a 200-day moving average of $13.66. Royce Value Trust has a 1-year low of $11.85 and a 1-year high of $15.21.

Royce Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 7.12%.

Insider Buying and Selling

In other news, VP Francis D. Gannon purchased 2,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $14.76 per share, for a total transaction of $29,520.00. Following the acquisition, the vice president now directly owns 2,000 shares in the company, valued at approximately $29,520. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Christopher D. Clark purchased 3,300 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $14.76 per share, for a total transaction of $48,708.00. Following the acquisition, the president now owns 31,489 shares in the company, valued at $464,777.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Francis D. Gannon purchased 2,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average price of $14.76 per share, with a total value of $29,520.00. Following the completion of the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $29,520. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Royce Value Trust

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Royce Value Trust by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,511 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 2,365 shares in the last quarter. Abel Hall LLC bought a new position in Royce Value Trust in the fourth quarter worth about $291,000. Bulldog Investors LLP lifted its holdings in Royce Value Trust by 174.5% in the fourth quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock worth $1,211,000 after acquiring an additional 52,873 shares during the last quarter. Royal Bank of Canada lifted its holdings in Royce Value Trust by 1.3% in the fourth quarter. Royal Bank of Canada now owns 1,120,210 shares of the financial services provider’s stock worth $16,311,000 after acquiring an additional 14,055 shares during the last quarter. Finally, Creative Planning lifted its holdings in Royce Value Trust by 17.8% in the fourth quarter. Creative Planning now owns 14,469 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 2,185 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.

About Royce Value Trust

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.