Samalin Investment Counsel LLC Has $1.09 Million Stock Holdings in Royce Value Trust Inc. (NYSE:RVT)

Samalin Investment Counsel LLC grew its holdings in Royce Value Trust Inc. (NYSE:RVT) by 2.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 68,971 shares of the financial services provider’s stock after acquiring an additional 1,483 shares during the period. Samalin Investment Counsel LLC’s holdings in Royce Value Trust were worth $1,090,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in shares of Royce Value Trust during the 3rd quarter worth about $1,505,000. Stifel Financial Corp increased its position in shares of Royce Value Trust by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock worth $12,181,000 after purchasing an additional 70,449 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Royce Value Trust by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock worth $6,949,000 after purchasing an additional 11,777 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Royce Value Trust during the 3rd quarter worth about $1,181,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Royce Value Trust by 55.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 92,935 shares of the financial services provider’s stock worth $1,468,000 after purchasing an additional 33,307 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Value Trust Trading Down 0.6 %

Shares of Royce Value Trust stock opened at $14.49 on Friday. The company has a 50-day simple moving average of $15.61 and a 200 day simple moving average of $15.73. Royce Value Trust Inc. has a 12-month low of $13.78 and a 12-month high of $16.93.

Royce Value Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Thursday, March 13th.

Royce Value Trust Profile

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.