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 firm’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 transaction of $494,000.00. Following the completion of the transaction, the insider now directly owns 1,270,942 shares in the company, valued at $12,556,906.96. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Royce Micro-Cap Trust Stock Up 1.3 %

NYSE:RMT opened at $9.93 on Wednesday. Royce Micro-Cap Trust, Inc. has a one year low of $8.59 and a one year high of $10.43. The stock has a 50 day moving average price of $9.96 and a 200 day moving average price of $9.74.

Royce Micro-Cap Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Alpha Financial Partners LLC acquired a new stake in Royce Micro-Cap Trust during the third quarter worth about $101,000. HighTower Advisors LLC acquired a new stake in shares of Royce Micro-Cap Trust during the 3rd quarter worth approximately $102,000. XTX Topco Ltd purchased a new stake in shares of Royce Micro-Cap Trust during the 3rd quarter valued at approximately $104,000. Stephens Inc. AR acquired a new position in Royce Micro-Cap Trust in the fourth quarter valued at approximately $124,000. Finally, Revolve Wealth Partners LLC purchased a new position in Royce Micro-Cap Trust in the fourth quarter worth approximately $148,000. 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.