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

Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) reached a new 52-week high on Tuesday . The company traded as high as $18.88 and last traded at $18.78, with a volume of 198619 shares trading hands. The stock had previously closed at $18.68.

Royce Small-Cap Trust Stock Up 0.5%

The stock has a fifty day simple moving average of $17.52 and a 200 day simple moving average of $16.99.

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 issued a $0.30 dividend. 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 6.4%.

Insider Activity at Royce Small-Cap Trust

In other Royce Small-Cap Trust news, President Christopher D. Clark bought 4,500 shares of Royce Small-Cap Trust 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 acquisition, the president owned 47,235 shares in the company, valued at approximately $788,352.15. This trade represents a 10.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Institutional Trading of Royce Small-Cap Trust

A number of institutional investors and hedge funds have recently modified their holdings of RVT. Newbridge Financial Services Group Inc. bought a new stake in shares of Royce Small-Cap Trust in the 2nd quarter worth $28,000. Westfuller Advisors LLC bought a new stake in shares of Royce Small-Cap Trust in the 3rd quarter worth $29,000. Fairway Wealth LLC bought a new stake in shares of Royce Small-Cap Trust in the 1st quarter worth $33,000. Quent Capital LLC bought a new stake in shares of Royce Small-Cap Trust in the 3rd quarter worth $46,000. Finally, Private Wealth Asset Management LLC bought a new stake in shares of Royce Small-Cap Trust in the 4th quarter worth $52,000. Institutional investors 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.