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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total value of $494,000.00. Following the completion of the sale, the insider now owns 1,270,942 shares in the company, valued at $12,556,906.96. This represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Royce Micro-Cap Trust Trading Up 1.4 %

Shares of NYSE:RMT opened at $10.08 on Thursday. The firm’s 50-day moving average is $9.96 and its two-hundred day moving average is $9.75. Royce Micro-Cap Trust, Inc. has a 1 year low of $8.59 and a 1 year high of $10.43.

Royce Micro-Cap Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were given a $0.21 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.84 annualized dividend and a yield of 8.33%.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Several institutional investors have recently modified their holdings of RMT. Cetera Investment Advisers boosted its holdings in Royce Micro-Cap Trust by 5.1% in the second quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock valued at $2,675,000 after purchasing an additional 14,079 shares during the period. Sanctuary Advisors LLC acquired a new stake in Royce Micro-Cap Trust in the 2nd quarter valued at about $1,104,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Royce Micro-Cap Trust by 1.7% in the 3rd 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 buying an additional 19,049 shares during the period. International Assets Investment Management LLC grew its position in shares of Royce Micro-Cap Trust by 879.2% during the third quarter. International Assets Investment Management LLC now owns 25,527 shares of the financial services provider’s stock worth $2,656,000 after buying an additional 22,920 shares in the last quarter. Finally, Alpha Financial Partners LLC purchased a new stake in shares of Royce Micro-Cap Trust during the third quarter worth approximately $101,000. Institutional investors and hedge funds 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.