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 business’s stock in a transaction that occurred 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 sale, the insider now directly owns 1,120,942 shares in the company, valued at $11,142,163.48. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Royce Micro-Cap Trust Stock Down 1.2 %

Shares of NYSE RMT traded down $0.12 during midday trading on Monday, reaching $9.78. The stock had a trading volume of 139,506 shares, compared to its average volume of 111,476. The company’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 twelve month low of $8.59 and a twelve month high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RMT. Wolverine Asset Management LLC raised its holdings in shares of Royce Micro-Cap Trust by 88.5% in the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock valued at $3,451,000 after purchasing an additional 166,180 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Royce Micro-Cap Trust during the 2nd quarter worth approximately $1,104,000. Shaker Financial Services LLC boosted its stake in shares of Royce Micro-Cap Trust by 7.8% in the 3rd quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock worth $5,951,000 after buying an additional 44,980 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Royce Micro-Cap Trust by 7.9% during the fourth 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 last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth about $283,000. 34.98% of the stock is owned by institutional investors.

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.