Royce Small-Cap Trust (NYSE:RVT) Reaches New 1-Year High – Still a Buy?

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

Royce Small-Cap Trust Price Performance

The stock’s 50 day moving average price is $17.50 and its 200 day moving average price is $16.91.

Royce Small-Cap Trust Cuts Dividend

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

Insider Activity at Royce Small-Cap Trust

In other news, President Christopher D. Clark acquired 4,500 shares of Royce Small-Cap Trust stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $16.69 per share, with a total value of $75,105.00. Following the purchase, the president owned 47,235 shares in the company, valued at $788,352.15. This trade represents a 10.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of Royce Small-Cap Trust during the 2nd quarter valued at $28,000. Westfuller Advisors LLC acquired a new position in shares of Royce Small-Cap Trust during the 3rd quarter valued at $29,000. Fairway Wealth LLC acquired a new position in shares of Royce Small-Cap Trust during the 1st quarter valued at $33,000. Quent Capital LLC acquired a new position in shares of Royce Small-Cap Trust during the 3rd quarter valued at $46,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of Royce Small-Cap Trust during the 4th quarter valued at $52,000. 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.