Royce Micro-Cap Trust, Inc. (NYSE:RMT) Insider Charles M. Royce Sells 50,000 Shares of Stock

Royce Micro-Cap Trust, Inc. (NYSE:RMT) insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the transaction, the insider now owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Royce Micro-Cap Trust Stock Down 0.7 %

RMT stock opened at $9.93 on Thursday. Royce Micro-Cap Trust, Inc. has a 12 month low of $8.59 and a 12 month high of $10.43. The company has a 50-day moving average price of $9.90 and a 200 day moving average price of $9.76.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Royce Micro-Cap Trust by 1.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock valued at $10,959,000 after purchasing an additional 19,049 shares during the period. International Assets Investment Management LLC boosted its position in Royce Micro-Cap Trust by 879.2% in the 3rd quarter. International Assets Investment Management LLC now owns 25,527 shares of the financial services provider’s stock valued at $2,656,000 after buying an additional 22,920 shares during the period. Alpha Financial Partners LLC purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter valued at about $101,000. Shaker Financial Services LLC boosted its holdings in shares of Royce Micro-Cap Trust by 7.8% in the third quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock valued at $5,951,000 after purchasing an additional 44,980 shares during the period. Finally, Hara Capital LLC boosted its holdings in shares of Royce Micro-Cap Trust by 12.7% in the third quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 4,800 shares during the period. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Company Profile

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.