Royce Value Trust Inc. (NYSE:RVT) Stake Increased by Concorde Asset Management LLC

Concorde Asset Management LLC boosted its holdings in shares of Royce Value Trust Inc. (NYSE:RVT) by 51.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,048 shares of the financial services provider’s stock after buying an additional 9,502 shares during the period. Concorde Asset Management LLC’s holdings in Royce Value Trust were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Royce Value Trust in the 1st quarter valued at about $38,000. ESL Trust Services LLC purchased a new stake in Royce Value Trust in the 1st quarter worth approximately $39,000. Principal Securities Inc. acquired a new stake in shares of Royce Value Trust during the 4th quarter valued at $48,000. Salomon & Ludwin LLC purchased a new position in shares of Royce Value Trust during the 1st quarter valued at $50,000. Finally, Pingora Partners LLC acquired a new position in shares of Royce Value Trust in the fourth quarter worth $54,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Value Trust Price Performance

RVT opened at $15.28 on Thursday. Royce Value Trust Inc. has a 1 year low of $11.85 and a 1 year high of $16.16. The stock has a fifty day moving average price of $15.22 and a 200 day moving average price of $14.79.

Royce Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 13th will be issued a $0.28 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a yield of 7.33%.

Insider Activity at Royce Value Trust

In other Royce Value Trust news, President Christopher D. Clark purchased 3,400 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price 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 approximately $548,066.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

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.