Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) insider Charles M. Royce sold 50,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total value of $494,000.00. Following the sale, the insider now owns 1,270,942 shares of the company's stock, valued at $12,556,906.96. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Royce Micro-Cap Trust Price Performance
NYSE RMT traded up $0.03 on Thursday, hitting $10.12. 51,616 shares of the company were exchanged, compared to its average volume of 108,826. Royce Micro-Cap Trust, Inc. has a twelve month low of $8.59 and a twelve month high of $10.43. The company's 50 day moving average price is $9.96 and its 200-day moving average price is $9.75.
Royce Micro-Cap Trust Announces Dividend
The company also recently announced 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 8.30%. The ex-dividend date was Thursday, December 12th.
Institutional Trading of Royce Micro-Cap Trust
Several hedge funds and other institutional investors have recently modified their holdings of RMT. Hennion & Walsh Asset Management Inc. acquired a new stake in Royce Micro-Cap Trust during the 4th quarter worth about $283,000. XTX Topco Ltd acquired a new position in Royce Micro-Cap Trust in the 3rd quarter valued at approximately $104,000. Allspring Global Investments Holdings LLC lifted its position in 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 worth $10,959,000 after buying an additional 19,049 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter worth approximately $102,000. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 34.98% of the company's stock.
Royce Micro-Cap Trust Company Profile
(
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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.
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