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 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 owns 1,070,942 shares of the company’s stock, valued at $10,677,291.74. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Royce Micro-Cap Trust Price Performance

RMT traded down $0.07 during midday trading on Wednesday, hitting $9.93. 224,541 shares of the company traded hands, compared to its average volume of 104,470. The company’s 50-day moving average is $9.91 and its 200 day moving average is $9.75. Royce Micro-Cap Trust, Inc. has a 52 week low of $8.59 and a 52 week high of $10.43.

Royce Micro-Cap Trust Announces Dividend

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

Institutional Investors Weigh In On Royce Micro-Cap Trust

A number of large investors have recently added to or reduced their stakes in RMT. Quantedge Capital Pte Ltd boosted its stake in shares of Royce Micro-Cap Trust by 27.8% in the 4th quarter. Quantedge Capital Pte Ltd now owns 56,497 shares of the financial services provider’s stock worth $551,000 after buying an additional 12,300 shares during the last quarter. Logan Stone Capital LLC lifted its holdings in Royce Micro-Cap Trust by 181.7% in the fourth quarter. Logan Stone Capital LLC now owns 91,912 shares of the financial services provider’s stock valued at $896,000 after acquiring an additional 59,288 shares during the period. Bank of America Corp DE grew its stake in shares of Royce Micro-Cap Trust by 4.9% during the 4th quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider’s stock valued at $4,918,000 after purchasing an additional 23,550 shares during the period. Stifel Financial Corp increased its position in shares of Royce Micro-Cap Trust by 10.3% during the 4th quarter. Stifel Financial Corp now owns 60,831 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 5,681 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Royce Micro-Cap Trust by 18.7% during 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 last quarter. Institutional investors own 34.98% of the company’s stock.

About Royce Micro-Cap Trust

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.