Samalin Investment Counsel LLC Buys 50,974 Shares of Royce Small-Cap Trust, Inc. $RVT

Samalin Investment Counsel LLC raised its stake in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 34.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 198,321 shares of the financial services provider’s stock after buying an additional 50,974 shares during the quarter. Royce Small-Cap Trust makes up approximately 1.0% of Samalin Investment Counsel LLC’s portfolio, making the stock its 25th biggest holding. Samalin Investment Counsel LLC’s holdings in Royce Small-Cap Trust were worth $3,397,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RVT. Bank of America Corp DE acquired a new stake in shares of Royce Small-Cap Trust during the 2nd quarter valued at approximately $111,827,000. Royal Bank of Canada boosted its stake in shares of Royce Small-Cap Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock worth $26,971,000 after acquiring an additional 13,087 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of Royce Small-Cap Trust by 0.9% during the 2nd quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock worth $11,216,000 after acquiring an additional 5,268 shares in the last quarter. Paller Financial Services Inc boosted its stake in shares of Royce Small-Cap Trust by 5.9% during the 3rd quarter. Paller Financial Services Inc now owns 321,463 shares of the financial services provider’s stock worth $5,507,000 after acquiring an additional 18,051 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Royce Small-Cap Trust by 126.5% in the 1st quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock worth $4,892,000 after acquiring an additional 164,578 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Performance

RVT opened at $16.52 on Monday. Royce Small-Cap Trust, Inc. has a 1-year low of $14.97 and a 1-year high of $19.12. The stock’s 50 day simple moving average is $17.61 and its 200 day simple moving average is $17.99.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were issued a dividend of $0.33 per share. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Friday, September 11th.

Royce Small-Cap Trust Profile

Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment company focused primarily on investing in small-capitalization companies. The fund seeks long-term capital growth by holding a portfolio of businesses that Royce & Associates, its investment adviser, believes offer attractive value and growth potential.

The trust invests across a range of industries, generally emphasizing established small companies with characteristics such as strong management, sound balance sheets, and the potential to improve their earnings or business performance.