Royce Small-Cap Trust, Inc. $RVT Stock Holdings Lifted by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY boosted its position in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 483.8% during the 4th quarter, HoldingsChannel reports. The firm owned 189,871 shares of the financial services provider’s stock after purchasing an additional 157,348 shares during the period. Royce Small-Cap Trust comprises about 3.0% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 6th biggest position. Cypress Capital Management LLC WY’s holdings in Royce Small-Cap Trust were worth $3,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Moors & Cabot Inc. boosted its position 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 during the last quarter. Triumph Capital Management boosted its position 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 during the last quarter. Nations Financial Group Inc. IA ADV boosted its position 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 during the last quarter. Wedbush Securities Inc. boosted its position in Royce Small-Cap Trust by 3.5% in the third quarter. Wedbush Securities Inc. now owns 24,347 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 814 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Royce Small-Cap Trust by 0.4% in the third quarter. Captrust Financial Advisors now owns 271,779 shares of the financial services provider’s stock worth $4,384,000 after purchasing an additional 957 shares during the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Price Performance

Shares of NYSE:RVT opened at $18.66 on Wednesday. The stock’s 50-day simple moving average is $17.67 and its two-hundred day simple moving average is $17.16. Royce Small-Cap Trust, Inc. has a 52-week low of $14.41 and a 52-week high of $18.88.

Royce Small-Cap Trust Cuts Dividend

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

Insider Transactions at Royce Small-Cap Trust

In other news, President Christopher D. Clark bought 4,500 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of $16.69 per share, with a total value of $75,105.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

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.