Royce Value Trust (NYSE:RVT) Hits New 52-Week High – Still a Buy?

Royce Value Trust Inc. (NYSE:RVT) shares hit a new 52-week high on Wednesday . The company traded as high as $16.93 and last traded at $16.81, with a volume of 18419 shares trading hands. The stock had previously closed at $16.79.

Royce Value Trust Price Performance

The business’s 50 day moving average is $15.50 and its two-hundred day moving average is $15.11.

Royce Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.67%. The ex-dividend date was Friday, September 13th.

Insiders Place Their Bets

In other Royce Value Trust news, President Christopher D. Clark purchased 3,400 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $15.20 per share, with a total value of $51,680.00. Following the completion of the purchase, the president now owns 36,057 shares of the company’s stock, valued at $548,066.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RVT. Concorde Asset Management LLC boosted its holdings in Royce Value Trust by 19.4% in the third quarter. Concorde Asset Management LLC now owns 33,492 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 5,444 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in Royce Value Trust by 1.7% in the third quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 800 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of Royce Value Trust during the 3rd quarter valued at $739,000. Atria Investments Inc boosted its holdings in shares of Royce Value Trust by 2.4% during the 3rd quarter. Atria Investments Inc now owns 95,600 shares of the financial services provider’s stock valued at $1,501,000 after buying an additional 2,246 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its holdings in shares of Royce Value Trust by 5.8% during the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider’s stock valued at $209,000 after buying an additional 734 shares in the last quarter. 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.