Stonebrook Private Inc. Trims Stock Position in Royce Value Trust Inc. (NYSE:RVT)

Stonebrook Private Inc. decreased its position in shares of Royce Value Trust Inc. (NYSE:RVT) by 66.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,746 shares of the financial services provider’s stock after selling 21,740 shares during the quarter. Stonebrook Private Inc.’s holdings in Royce Value Trust were worth $155,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in RVT. Cornerstone Advisors LLC increased its holdings in shares of Royce Value Trust by 50.9% in the 4th quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after acquiring an additional 316,767 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Royce Value Trust in the first quarter valued at about $4,003,000. Rothschild Investment LLC purchased a new stake in shares of Royce Value Trust in the second quarter valued at about $2,543,000. Lazard Asset Management LLC boosted its stake in shares of Royce Value Trust by 62.5% during the first quarter. Lazard Asset Management LLC now owns 384,792 shares of the financial services provider’s stock worth $5,837,000 after buying an additional 147,935 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of Royce Value Trust by 97.9% during the second quarter. Shaker Financial Services LLC now owns 188,256 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 93,131 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Insider Transactions at Royce Value Trust

In other news, President Christopher D. Clark acquired 3,400 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $15.20 per share, for a total transaction of $51,680.00. Following the transaction, the president now directly owns 36,057 shares in the company, valued at approximately $548,066.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Royce Value Trust Stock Down 1.7 %

RVT opened at $14.65 on Friday. Royce Value Trust Inc. has a 52 week low of $11.85 and a 52 week high of $16.16. The business has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $14.77.

Royce Value Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Friday, September 13th.

Royce Value Trust 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.