Wolverine Asset Management LLC Buys 166,180 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Wolverine Asset Management LLC increased its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 88.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 353,905 shares of the financial services provider's stock after buying an additional 166,180 shares during the quarter. Wolverine Asset Management LLC owned 0.70% of Royce Micro-Cap Trust worth $3,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Shaker Financial Services LLC lifted its holdings in Royce Micro-Cap Trust by 7.8% during the third quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider's stock valued at $5,951,000 after purchasing an additional 44,980 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in 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 purchasing an additional 40,267 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Royce Micro-Cap Trust during the fourth quarter valued at about $283,000. International Assets Investment Management LLC lifted its holdings in Royce Micro-Cap Trust by 879.2% during the third quarter. International Assets Investment Management LLC now owns 25,527 shares of the financial services provider's stock valued at $2,656,000 after purchasing an additional 22,920 shares during the last quarter. Finally, Calamos Advisors LLC lifted its holdings in Royce Micro-Cap Trust by 146.5% during the fourth quarter. Calamos Advisors LLC now owns 36,395 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 21,629 shares during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royce Micro-Cap Trust

In other news, insider Charles M. Royce sold 50,000 shares of the company's stock in a transaction dated 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. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 150,000 shares of company stock valued at $1,489,500 over the last three months. 0.18% of the stock is currently owned by insiders.

Royce Micro-Cap Trust Price Performance

NYSE RMT traded down $0.21 during trading on Friday, hitting $9.60. 144,582 shares of the company's stock traded hands, compared to its average volume of 105,916. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.59 and a 12-month high of $10.43. The business has a 50 day moving average of $9.89 and a 200-day moving average of $9.76.

Royce Micro-Cap Trust Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend was Thursday, December 12th.

About Royce Micro-Cap Trust

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.