Royce Value Trust Inc. (NYSE:RVT - Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 144,700 shares, a decline of 41.6% from the February 13th total of 247,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 284,800 shares, the short-interest ratio is currently 0.5 days.
Institutional Trading of Royce Value Trust
A number of institutional investors have recently made changes to their positions in RVT. Atria Investments Inc lifted its holdings in Royce Value Trust by 2.4% in the 3rd quarter. Atria Investments Inc now owns 95,600 shares of the financial services provider's stock valued at $1,501,000 after purchasing an additional 2,246 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of Royce Value Trust by 1.7% during the third quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider's stock worth $762,000 after buying an additional 800 shares in the last quarter. Concorde Asset Management LLC raised its position in shares of 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 buying an additional 5,444 shares during the last quarter. B&L Asset Management LLC purchased a new position in shares of Royce Value Trust in the third quarter worth about $190,000. Finally, Benjamin Edwards Inc. purchased a new stake in Royce Value Trust during the 3rd quarter valued at about $1,505,000. 25.57% of the stock is owned by institutional investors and hedge funds.
Royce Value Trust Stock Up 1.5 %
Shares of RVT traded up $0.22 during mid-day trading on Wednesday, hitting $14.55. 222,201 shares of the company were exchanged, compared to its average volume of 242,587. Royce Value Trust has a 1-year low of $13.78 and a 1-year high of $16.93. The company has a 50 day moving average of $15.68 and a 200-day moving average of $15.74.
Royce Value Trust Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.25%.
About Royce Value Trust
(
Get 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.
Featured Articles
Before you consider Royce Value Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royce Value Trust wasn't on the list.
While Royce Value Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
