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 the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the insider now directly owns 1,120,942 shares in the company, valued at approximately $11,142,163.48. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Royce Micro-Cap Trust Stock Down 1.2 %

Shares of RMT opened at $9.78 on Tuesday. The firm’s 50-day moving average price is $9.98 and its 200-day moving average price is $9.74. Royce Micro-Cap Trust, Inc. has a 1-year low of $8.59 and a 1-year high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date was Thursday, December 12th.

Institutional Investors Weigh In On Royce Micro-Cap Trust

A number of large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Royce Micro-Cap Trust by 1.7% during 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 in the last quarter. Shaker Financial Services LLC lifted its position in Royce Micro-Cap Trust by 7.8% during the 3rd quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock valued at $5,951,000 after acquiring an additional 44,980 shares during the period. Flagship Harbor Advisors LLC lifted its position in Royce Micro-Cap Trust by 7.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider’s stock valued at $5,337,000 after acquiring an additional 40,267 shares during the period. Wolverine Asset Management LLC lifted its position in Royce Micro-Cap Trust by 88.5% during the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock valued at $3,451,000 after acquiring an additional 166,180 shares during the period. Finally, Cetera Investment Advisers lifted its position in Royce Micro-Cap Trust by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock valued at $2,675,000 after acquiring an additional 14,079 shares during the period. 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.