Royce Small-Cap Trust, Inc. $RVT Stock: Samalin Investment Counsel LLC Increases Holdings

Samalin Investment Counsel LLC raised its holdings in Royce Small-Cap Trust, Inc. (NYSE:RVT) by 34.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,321 shares of the financial services provider’s stock after purchasing an additional 50,974 shares during the quarter. Royce Small-Cap Trust accounts for about 1.0% of Samalin Investment Counsel LLC’s holdings, making the stock its 25th biggest position. Samalin Investment Counsel LLC owned approximately 0.16% of Royce Small-Cap Trust worth $3,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Royce Small-Cap Trust in the 2nd quarter valued at approximately $111,827,000. Royal Bank of Canada boosted its stake in shares of Royce Small-Cap Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock valued at $26,971,000 after buying an additional 13,087 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in Royce Small-Cap Trust by 0.9% during the second quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock worth $11,216,000 after acquiring an additional 5,268 shares during the period. Paller Financial Services Inc grew its holdings in Royce Small-Cap Trust by 5.9% during the third quarter. Paller Financial Services Inc now owns 321,463 shares of the financial services provider’s stock worth $5,507,000 after acquiring an additional 18,051 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Royce Small-Cap Trust by 126.5% during the first quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock worth $4,892,000 after acquiring an additional 164,578 shares during the period. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 0.4%

NYSE:RVT opened at $16.52 on Monday. The stock has a fifty day moving average price of $17.61 and a two-hundred day moving average price of $17.99. Royce Small-Cap Trust, Inc. has a 1 year low of $14.97 and a 1 year high of $19.12.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Friday, September 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Royce Small-Cap Trust Profile

Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment company focused primarily on investing in small-capitalization companies. The fund seeks long-term capital growth by holding a portfolio of businesses that Royce & Associates, its investment adviser, believes offer attractive value and growth potential.

The trust invests across a range of industries, generally emphasizing established small companies with characteristics such as strong management, sound balance sheets, and the potential to improve their earnings or business performance.