Royce Value Trust (NYSE:RVT) Shares Pass Below 50-Day Moving Average of $14.52

Royce Value Trust Inc. (NYSE:RVT) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.52 and traded as low as $14.15. Royce Value Trust shares last traded at $14.29, with a volume of 125,659 shares.

Royce Value Trust Stock Performance

The company’s fifty day moving average price is $14.52 and its two-hundred day moving average price is $13.90.

Royce Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 7.56%.

Insiders Place Their Bets

In related news, VP Francis D. Gannon purchased 2,000 shares of Royce Value Trust 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 transaction, the vice president now directly owns 2,000 shares in the company, valued at $29,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Francis D. Gannon purchased 2,000 shares of the stock in a transaction that occurred on 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 acquisition, the vice president now directly owns 2,000 shares in the company, valued at approximately $29,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Christopher D. Clark acquired 3,300 shares of Royce Value Trust stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $14.76 per share, for a total transaction of $48,708.00. Following the acquisition, the president now owns 31,489 shares in the company, valued at approximately $464,777.64. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Royce Value Trust

Several hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Royce Value Trust during the 4th quarter valued at about $48,000. Pingora Partners LLC bought a new stake in shares of Royce Value Trust during the fourth quarter worth approximately $54,000. Future Financial Wealth Managment LLC acquired a new position in Royce Value Trust in the first quarter valued at approximately $76,000. Great Valley Advisor Group Inc. bought a new position in Royce Value Trust in the third quarter valued at approximately $130,000. Finally, Allworth Financial LP acquired a new stake in Royce Value Trust during the 4th quarter worth $153,000. Institutional investors own 25.57% of the company’s stock.

About Royce Value Trust

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.