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

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

Royce Value Trust Price Performance

The firm has a 50-day moving average price of $15.50 and a 200-day moving average price of $15.11.

Royce Value Trust Announces Dividend

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

Insiders Place Their Bets

In other news, President Christopher D. Clark purchased 3,400 shares of the business’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $15.20 per share, for a total transaction of $51,680.00. Following the purchase, the president now directly owns 36,057 shares in the company, valued at $548,066.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Royce Value Trust

A number of large investors have recently made changes to their positions in the company. Concorde Asset Management LLC grew its stake in shares of Royce Value Trust by 19.4% during the 3rd quarter. Concorde Asset Management LLC now owns 33,492 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 5,444 shares during the period. Prospera Financial Services Inc grew its stake in shares of Royce Value Trust by 1.7% during the 3rd 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 during the period. Nations Financial Group Inc. IA ADV bought a new position in shares of Royce Value Trust during the 3rd quarter valued at approximately $739,000. Atria Investments Inc grew its stake 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 acquiring an additional 2,246 shares during the period. Finally, Beacon Financial Advisory LLC grew its stake 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 acquiring an additional 734 shares during the period. 25.57% of the stock is currently owned by institutional investors.

Royce Value Trust Company Profile

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.