Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) insider Charles M. Royce sold 50,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total transaction of $498,500.00. Following the completion of the sale, the insider now owns 1,070,942 shares of the company's stock, valued at $10,677,291.74. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Royce Micro-Cap Trust Stock Down 2.1 %
RMT stock traded down $0.21 during mid-day trading on Friday, reaching $9.60. 144,582 shares of the stock traded hands, compared to its average volume of 105,916. Royce Micro-Cap Trust, Inc. has a 52 week low of $8.59 and a 52 week high of $10.43. The business has a 50-day moving average of $9.89 and a two-hundred day moving average of $9.76.
Royce Micro-Cap Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend was Thursday, December 12th.
Institutional Investors Weigh In On Royce Micro-Cap Trust
Hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. bought a new stake in Royce Micro-Cap Trust during the fourth quarter valued at about $283,000. XTX Topco Ltd acquired a new position in shares of Royce Micro-Cap Trust during the third quarter valued at about $104,000. Allspring Global Investments Holdings LLC raised its position in shares of Royce Micro-Cap Trust by 1.7% during the third 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 buying an additional 19,049 shares during the last quarter. Flagship Harbor Advisors LLC raised 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 buying an additional 40,267 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Royce Micro-Cap Trust during the third quarter valued at about $102,000. 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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