Altium Capital Management LLC Makes New $3.10 Million Investment in Royce Small-Cap Trust, Inc. $RVT

Altium Capital Management LLC acquired a new position in Royce Small-Cap Trust, Inc. (NYSE:RVT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 192,509 shares of the financial services provider’s stock, valued at approximately $3,099,000. Royce Small-Cap Trust accounts for approximately 12.3% of Altium Capital Management LLC’s holdings, making the stock its 2nd biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. raised its holdings in Royce Small-Cap Trust by 2.8% in the third quarter. Moors & Cabot Inc. now owns 24,501 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 660 shares in the last quarter. Triumph Capital Management raised its holdings in Royce Small-Cap Trust by 1.4% in the third quarter. Triumph Capital Management now owns 51,034 shares of the financial services provider’s stock worth $823,000 after purchasing an additional 716 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Royce Small-Cap Trust by 1.7% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 49,163 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 811 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Royce Small-Cap Trust by 3.5% during the third quarter. Wedbush Securities Inc. now owns 24,347 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 814 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Royce Small-Cap Trust by 0.4% during the third quarter. Captrust Financial Advisors now owns 271,779 shares of the financial services provider’s stock valued at $4,384,000 after purchasing an additional 957 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

Insider Buying and Selling at Royce Small-Cap Trust

In other Royce Small-Cap Trust news, President Christopher D. Clark bought 4,500 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was acquired at an average price of $16.69 per share, with a total value of $75,105.00. Following the completion of the purchase, the president owned 47,235 shares of the company’s stock, valued at approximately $788,352.15. This trade represents a 10.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Royce Small-Cap Trust Stock Up 1.7%

Shares of NYSE RVT opened at $17.97 on Thursday. Royce Small-Cap Trust, Inc. has a fifty-two week low of $14.41 and a fifty-two week high of $18.88. The company has a 50 day simple moving average of $17.55 and a two-hundred day simple moving average of $17.09.

Royce Small-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Thursday, March 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.7%.

Royce Small-Cap Trust Company Profile

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.