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 Friday, January 31st. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the insider now owns 1,120,942 shares of the company’s stock, valued at $11,142,163.48. This trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Royce Micro-Cap Trust Trading Down 1.2 %

Shares of RMT stock traded down $0.12 on Monday, hitting $9.78. The company’s stock had a trading volume of 139,506 shares, compared to its average volume of 111,476. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $10.43. The stock’s 50 day moving average is $9.98 and its 200-day moving average is $9.74.

Royce Micro-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.59%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Trading of Royce Micro-Cap Trust

Institutional investors have recently modified their holdings of the stock. Sapient Capital LLC increased its position in shares of Royce Micro-Cap Trust by 2.2% in the fourth quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 2,123 shares during the period. Walleye Capital LLC increased its holdings in Royce Micro-Cap Trust by 6.9% in the 3rd quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider’s stock valued at $405,000 after buying an additional 2,713 shares during the period. EP Wealth Advisors LLC raised its position in shares of Royce Micro-Cap Trust by 5.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 58,294 shares of the financial services provider’s stock valued at $560,000 after buying an additional 3,109 shares in the last quarter. Hara Capital LLC lifted its holdings in shares of Royce Micro-Cap Trust by 12.7% during the 3rd quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 4,800 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Royce Micro-Cap Trust by 5.0% in the 3rd quarter. Captrust Financial Advisors now owns 106,063 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 5,071 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

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.