Hennion & Walsh Asset Management Inc. increases stake in Royce Value Trust Inc. (NYSE:RVT)

VaselineAugust 23, 2024

0 2 minutes read

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Royce Value Trust Inc. (NYSE:RVT – Free Report) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,636 shares of the financial services provider’s stock after purchasing an additional 3,166 shares during the period. Holdings of Hennion & Walsh Asset Management Inc. holdings in Royce Value Trust were worth $545,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cornerstone Advisors LLC boosted its holdings in shares of Royce Value Trust by 50.9% in the fourth quarter. Cornerstone Advisors LLC now owns 938,773 shares of the financial services provider’s stock valued at $13,669,000 after buying an additional 316,767 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Royce Value Trust in the 1st quarter worth approximately $4,003,000. Lazard Asset Management LLC boosted its position in shares of Royce Value Trust by 62.5% in the first quarter. Lazard Asset Management LLC now owns 384,792 shares of the financial services provider’s stock valued at $5,837,000 after buying an additional 147,935 shares during the period. Stifel Financial Corp boosted its holdings in Royce Value Trust by 10.3% in the fourth quarter. Stifel Financial Corp now owns 684,741 shares of the financial services provider’s stock valued at $9,970,000 after acquiring an additional 63,923 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Royce Value Trust by 9.7% in the first quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock valued at $10,128,000 after purchasing an additional 59,308 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s shares.

Royce Value Trust Price Performance

RVT stock opened at $15.21 on Thursday. Royce Value Trust Inc. it has a 52 week low of $11.85 and a 52 week high of $16.16. The company has a fifty day moving average of $14.89 and a two hundred day moving average of $14.70.

Royce Value Trust raises dividend

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The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, June 13. This is an increase from Royce Value Trust’s previous quarterly dividend of $0.27. This represents a dividend of $1.12 on an annualized basis and a dividend yield of 7.36%.

Insider buying and selling

In related news, Chairman Christopher D. Clark bought 3,400 shares of the business’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $15.20 per share, with a total value of $51,680.00. Following the completion of the transaction, the chairman now directly owns 36,057 shares of the company’s stock, valued at approximately $548,066.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Corporate insiders own 0.06% of the company’s shares.

Royce Value Trust Profile

(Free Report)

Royce Value Trust Inc is an equity mutual fund underwritten, launched and managed by Royce & Associates, LLC. Invest in the US public stock markets. The fund distributes its investments in diversified sectors. Invests in value-oriented stocks of small-cap and small-cap companies.