Paller Financial Services Inc Takes $5.11 Million Position in Royce Small-Cap Trust, Inc. $RVT

Paller Financial Services Inc purchased a new position in shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) during the fourth quarter, HoldingsChannel reports. The firm purchased 317,150 shares of the financial services provider’s stock, valued at approximately $5,106,000. Royce Small-Cap Trust comprises 4.1% of Paller Financial Services Inc’s portfolio, making the stock its 8th biggest position.

Several other large investors have also recently added to or reduced their stakes in RVT. Bank of America Corp DE lifted its position in Royce Small-Cap Trust by 0.9% in the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after purchasing an additional 54,485 shares during the period. Raymond James Financial Inc. increased its position in Royce Small-Cap Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after purchasing an additional 198,905 shares during the period. Cornerstone Advisors LLC increased its position in Royce Small-Cap Trust by 476.3% during the 3rd 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 period. Waterfront Wealth Inc. raised its stake in shares of Royce Small-Cap Trust by 41.1% during the 3rd quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after buying an additional 197,680 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Royce Small-Cap Trust by 14.5% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock worth $9,087,000 after buying an additional 71,196 shares in the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Price Performance

RVT opened at $16.62 on Wednesday. Royce Small-Cap Trust, Inc. has a 12 month low of $12.12 and a 12 month high of $18.73. The business has a 50 day simple moving average of $17.50 and a 200-day simple moving average of $16.64.

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 yield of 7.2%.

Insider Activity at Royce Small-Cap Trust

In related news, President Christopher D. Clark bought 4,500 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of $16.69 per share, for a total transaction of $75,105.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.08% 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.