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

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

Royce Micro-Cap Trust Stock Down 1.2 %

Shares of Royce Micro-Cap Trust stock traded down $0.12 during trading on Monday, reaching $9.78. The company’s stock had a trading volume of 139,506 shares, compared to its average volume of 111,476. The business has a 50 day moving average price of $9.98 and a 200-day moving average price of $9.74. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.59 and a 12-month high of $10.43.

Royce Micro-Cap Trust Announces Dividend

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

Institutional Trading of Royce Micro-Cap Trust

Several hedge funds and other institutional investors have recently made changes to their positions in RMT. Alpha Financial Partners LLC purchased a new position in Royce Micro-Cap Trust in the third quarter valued at about $101,000. HighTower Advisors LLC purchased a new position in Royce Micro-Cap Trust in the 3rd quarter valued at approximately $102,000. XTX Topco Ltd purchased a new position in Royce Micro-Cap Trust in the 3rd quarter valued at approximately $104,000. Stephens Inc. AR acquired a new position in Royce Micro-Cap Trust during the fourth quarter worth $124,000. Finally, Revolve Wealth Partners LLC acquired a new stake in Royce Micro-Cap Trust in the fourth quarter valued at $148,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

About Royce Micro-Cap Trust

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.