Sapient Capital LLC Buys Shares of 85,680 Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Sapient Capital LLC purchased a new position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 85,680 shares of the financial services provider’s stock, valued at approximately $792,000.

A number of other institutional investors have also modified their holdings of RMT. Commonwealth Equity Services LLC boosted its holdings in Royce Micro-Cap Trust by 6.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 130,880 shares of the financial services provider’s stock valued at $1,084,000 after acquiring an additional 7,538 shares during the period. Raymond James & Associates grew its holdings in shares of Royce Micro-Cap Trust by 1.1% in the third quarter. Raymond James & Associates now owns 298,123 shares of the financial services provider’s stock valued at $2,468,000 after purchasing an additional 3,259 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in Royce Micro-Cap Trust by 21.2% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 929,785 shares of the financial services provider’s stock worth $7,699,000 after buying an additional 162,579 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in Royce Micro-Cap Trust by 1.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 205,692 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 3,819 shares during the period. Finally, Shaker Financial Services LLC lifted its holdings in Royce Micro-Cap Trust by 83.4% during the 3rd quarter. Shaker Financial Services LLC now owns 261,497 shares of the financial services provider’s stock worth $2,165,000 after buying an additional 118,924 shares in the last quarter. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE:RMT traded up $0.09 during trading on Friday, hitting $9.14. The company’s stock had a trading volume of 72,793 shares, compared to its average volume of 95,245. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $9.51. The business has a 50 day moving average price of $9.11 and a two-hundred day moving average price of $8.84.

Royce Micro-Cap Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.68 dividend on an annualized basis and a yield of 7.44%.

Insider Buying and Selling

In related news, President Christopher D. Clark purchased 5,000 shares of Royce Micro-Cap Trust stock in a transaction on Thursday, March 21st. The shares were bought at an average price of $9.24 per share, with a total value of $46,200.00. Following the transaction, the president now directly owns 45,945 shares of the company’s stock, valued at $424,531.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

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.