Allspring Global Investments Holdings LLC Sells 444,905 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Allspring Global Investments Holdings LLC cut its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 695,437 shares of the financial services provider's stock after selling 444,905 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.37% of Royce Micro-Cap Trust worth $6,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpha Financial Partners LLC bought a new position in Royce Micro-Cap Trust in the third quarter valued at approximately $101,000. HighTower Advisors LLC bought a new position in Royce Micro-Cap Trust in the third quarter valued at approximately $102,000. XTX Topco Ltd bought a new position in Royce Micro-Cap Trust in the third quarter valued at approximately $104,000. Stephens Inc. AR bought a new position in Royce Micro-Cap Trust in the fourth quarter valued at approximately $124,000. Finally, Revolve Wealth Partners LLC bought a new position in Royce Micro-Cap Trust in the fourth quarter valued at approximately $148,000. 34.98% of the stock is owned by institutional investors.

Royce Micro-Cap Trust Price Performance

RMT stock traded down $0.21 during midday trading on Friday, reaching $9.60. The company's stock had a trading volume of 144,582 shares, compared to its average volume of 105,916. The business's 50-day simple moving average is $9.89 and its 200-day simple moving average is $9.77. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors 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 Buying and Selling

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction on Friday, January 31st. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the insider now directly owns 1,120,942 shares in the company, valued at approximately $11,142,163.48. The trade was a 4.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 150,000 shares of company stock worth $1,489,500 over the last ninety days. 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.