30,409 Shares in Royce Value Trust Inc. (NYSE:RVT) Purchased by Weiss Asset Management LP

Weiss Asset Management LP purchased a new position in Royce Value Trust Inc. (NYSE:RVTFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,409 shares of the financial services provider’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Royce Value Trust during the fourth quarter valued at approximately $48,000. Great Valley Advisor Group Inc. purchased a new position in shares of Royce Value Trust during the third quarter valued at approximately $130,000. Allworth Financial LP bought a new stake in shares of Royce Value Trust during the fourth quarter valued at approximately $153,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Royce Value Trust during the fourth quarter valued at approximately $157,000. Finally, FCA Corp TX raised its stake in shares of Royce Value Trust by 7.2% during the fourth quarter. FCA Corp TX now owns 13,172 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 879 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Stock Performance

Shares of Royce Value Trust stock traded up $0.22 on Thursday, hitting $14.78. 116,328 shares of the company traded hands, compared to its average volume of 221,048. The stock’s 50 day moving average price is $14.64 and its 200-day moving average price is $14.29. Royce Value Trust Inc. has a 52 week low of $11.85 and a 52 week high of $15.24.

Royce Value Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 7.31%. The ex-dividend date was Friday, March 8th.

Insider Activity

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

About Royce Value Trust

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Royce Value Trust (NYSE:RVT)

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