Royce Micro-Cap Trust, Inc. (NYSE:RMT) Stock Holdings Lifted by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 88.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 353,905 shares of the financial services provider’s stock after buying an additional 166,180 shares during the period. Wolverine Asset Management LLC’s holdings in Royce Micro-Cap Trust were worth $3,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sapient Capital LLC increased its stake in Royce Micro-Cap Trust by 2.2% in the 4th 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 in the last quarter. Walleye Capital LLC increased its position in shares of Royce Micro-Cap Trust by 6.9% in the third quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 2,713 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Royce Micro-Cap Trust by 5.6% during the third quarter. EP Wealth Advisors LLC now owns 58,294 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 3,109 shares during the period. Hara Capital LLC lifted its position in shares of Royce Micro-Cap Trust by 12.7% in the 3rd quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in 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 worth $1,019,000 after purchasing an additional 5,071 shares during the period. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Micro-Cap Trust Trading Down 2.1 %

NYSE RMT opened at $9.60 on Friday. The firm’s 50 day moving average price is $9.89 and its two-hundred day moving average price is $9.76. Royce Micro-Cap Trust, Inc. has a twelve month low of $8.59 and a twelve month high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.75%.

Insider Activity at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the sale, the insider now directly owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. This represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 150,000 shares of company stock valued at $1,489,500. Company insiders own 0.18% of the company’s stock.

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.