Royce Small-Cap Trust (NYSE:RVT) Hits New 12-Month High – Still a Buy?

Royce Small-Cap Trust, Inc. (NYSE:RVT)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $17.74 and last traded at $17.5950, with a volume of 103 shares traded. The stock had previously closed at $17.48.

Royce Small-Cap Trust Stock Up 0.6%

The firm’s 50 day simple moving average is $16.62 and its 200 day simple moving average is $16.12.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, December 11th. This represents a $2.16 annualized dividend and a yield of 12.3%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Advisors LLC increased its position in Royce Small-Cap Trust by 476.3% in the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock worth $11,057,000 after purchasing an additional 566,576 shares during the last quarter. Paller Financial Services Inc purchased a new position in Royce Small-Cap Trust in the fourth quarter worth about $5,106,000. Shaker Financial Services LLC raised its position in Royce Small-Cap Trust by 105.7% during the second quarter. Shaker Financial Services LLC now owns 585,074 shares of the financial services provider’s stock valued at $8,805,000 after purchasing an additional 300,677 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Royce Small-Cap Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 198,905 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in shares of Royce Small-Cap Trust by 41.1% in the 3rd quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 197,680 shares during the period. 25.57% of the stock is currently owned by institutional investors.

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.