20,000 Shares in Royce Value Trust Inc. (NYSE:RVT) Bought by Abel Hall LLC

Abel Hall LLC acquired a new stake in Royce Value Trust Inc. (NYSE:RVT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,000 shares of the financial services provider’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bulldog Investors LLP increased its holdings in Royce Value Trust by 174.5% in the fourth quarter. Bulldog Investors LLP now owns 83,173 shares of the financial services provider’s stock valued at $1,211,000 after buying an additional 52,873 shares in the last quarter. Cornerstone Advisors LLC increased its holdings in Royce Value Trust by 50.9% in the fourth quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after buying an additional 316,767 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Royce Value Trust by 39.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 423,062 shares of the financial services provider’s stock valued at $6,160,000 after buying an additional 120,150 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Royce Value Trust by 1,519.3% in the fourth quarter. International Assets Investment Management LLC now owns 312,923 shares of the financial services provider’s stock valued at $4,556,000 after buying an additional 293,599 shares in the last quarter. Finally, Karpus Management Inc. increased its holdings in Royce Value Trust by 40.9% in the fourth quarter. Karpus Management Inc. now owns 200,510 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 58,242 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Insider Transactions at Royce Value Trust

In related news, VP Francis D. Gannon bought 2,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was acquired at an average price of $14.76 per share, with a total value of $29,520.00. Following the completion of the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at $29,520. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, President Christopher D. Clark bought 3,300 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was acquired at an average price of $14.76 per share, with a total value of $48,708.00. Following the completion of the purchase, the president now directly owns 31,489 shares of the company’s stock, valued at $464,777.64. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Francis D. Gannon purchased 2,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $14.76 per share, for a total transaction of $29,520.00. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $29,520. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Royce Value Trust Stock Down 1.8 %

RVT traded down $0.26 on Friday, reaching $14.13. The stock had a trading volume of 163,227 shares, compared to its average volume of 152,450. Royce Value Trust Inc. has a 12-month low of $11.85 and a 12-month high of $15.24. The business’s 50-day moving average price is $14.58 and its two-hundred day moving average price is $14.42.

Royce Value Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.93%. This is a boost from Royce Value Trust’s previous quarterly dividend of $0.27.

Royce Value Trust Company Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.