Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.55 and traded as high as $9.83. Royce Micro-Cap Trust shares last traded at $9.73, with a volume of 91,170 shares changing hands.
Royce Micro-Cap Trust Stock Performance
The firm has a 50 day moving average price of $9.56 and a 200 day moving average price of $9.43.
Royce Micro-Cap Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date was Friday, September 13th.
Insider Activity
In related news, President Christopher D. Clark bought 5,400 shares of the company's stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $9.56 per share, with a total value of $51,624.00. Following the transaction, the president now owns 53,040 shares of the company's stock, valued at $507,062.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.
Institutional Trading of Royce Micro-Cap Trust
Institutional investors have recently modified their holdings of the company. Jaffetilchin Investment Partners LLC grew its stake in Royce Micro-Cap Trust by 127.2% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider's stock worth $250,000 after buying an additional 14,820 shares during the last quarter. Logan Stone Capital LLC increased its holdings in shares of Royce Micro-Cap Trust by 80.4% during the second quarter. Logan Stone Capital LLC now owns 37,534 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 16,725 shares in the last quarter. CWM LLC acquired a new position in shares of Royce Micro-Cap Trust during the second quarter valued at about $432,000. Diversify Advisory Services LLC purchased a new position in shares of Royce Micro-Cap Trust in the 1st quarter valued at approximately $664,000. Finally, Sapient Capital LLC boosted its stake in Royce Micro-Cap Trust by 9.2% in the 2nd quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider's stock worth $876,000 after purchasing an additional 8,003 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.
Royce Micro-Cap Trust Company Profile
(
Get Free Report)
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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