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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.97, for a total transaction of $498,500.00. Following the sale, the insider now owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE RMT opened at $9.60 on Friday. Royce Micro-Cap Trust, Inc. has a 12 month low of $8.59 and a 12 month high of $10.43. The company has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $9.76.

Royce Micro-Cap Trust Announces Dividend

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

Institutional Trading of Royce Micro-Cap Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Royce Micro-Cap Trust by 1.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock valued at $10,959,000 after purchasing an additional 19,049 shares during the period. Modern Wealth Management LLC acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter valued at $10,142,000. Shaker Financial Services LLC lifted its stake in shares of Royce Micro-Cap Trust by 18.7% in the 4th quarter. Shaker Financial Services LLC now owns 734,786 shares of the financial services provider’s stock valued at $7,164,000 after purchasing an additional 115,516 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Royce Micro-Cap Trust by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 604,206 shares of the financial services provider’s stock valued at $5,891,000 after purchasing an additional 22,508 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Royce Micro-Cap Trust by 86.7% in the 4th quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider’s stock valued at $5,778,000 after purchasing an additional 275,117 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

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.