Alpha Financial Partners LLC Purchases Shares of 10,476 Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Alpha Financial Partners LLC purchased a new position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the third quarter, HoldingsChannel.com reports. The fund purchased 10,476 shares of the financial services provider’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RMT. Jaffetilchin Investment Partners LLC grew its stake in shares of Royce Micro-Cap Trust by 127.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 14,820 shares during the last quarter. Logan Stone Capital LLC increased its stake in shares of Royce Micro-Cap Trust by 80.4% during the second quarter. Logan Stone Capital LLC now owns 37,534 shares of the financial services provider’s stock valued at $345,000 after buying an additional 16,725 shares during the period. CWM LLC bought a new position in shares of Royce Micro-Cap Trust during the second quarter valued at approximately $432,000. Diversify Advisory Services LLC purchased a new stake in Royce Micro-Cap Trust in the first quarter worth $664,000. Finally, Sapient Capital LLC boosted its holdings in Royce Micro-Cap Trust by 9.2% in the second quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 8,003 shares in the last quarter. 34.98% of the stock is owned by institutional investors.

Royce Micro-Cap Trust Price Performance

Shares of Royce Micro-Cap Trust stock opened at $9.41 on Friday. Royce Micro-Cap Trust, Inc. has a 12-month low of $7.67 and a 12-month high of $10.11. The company’s fifty day simple moving average is $9.56 and its two-hundred day simple moving average is $9.43.

Royce Micro-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.65%. The ex-dividend date was Friday, September 13th.

Insider Buying and Selling

In other news, President Christopher D. Clark acquired 5,400 shares of the business’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $9.56 per share, with a total value of $51,624.00. Following the transaction, the president now owns 53,040 shares in the company, valued at $507,062.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Royce Micro-Cap Trust 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.