Wolverine Asset Management LLC Increases Position in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Wolverine Asset Management LLC increased its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 46.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,725 shares of the financial services provider's stock after acquiring an additional 59,299 shares during the period. Wolverine Asset Management LLC owned about 0.37% of Royce Micro-Cap Trust worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in shares of Royce Micro-Cap Trust in the 1st quarter worth about $2,593,000. Allspring Global Investments Holdings LLC boosted its stake in 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 worth $10,959,000 after buying an additional 19,049 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Royce Micro-Cap Trust during the second quarter valued at $1,104,000. CWM LLC bought a new position in Royce Micro-Cap Trust in the second quarter worth about $432,000. Finally, Moors & Cabot Inc. increased its holdings in shares of Royce Micro-Cap Trust by 2.0% during the second quarter. Moors & Cabot Inc. now owns 107,199 shares of the financial services provider's stock valued at $985,000 after acquiring an additional 2,064 shares in the last quarter. Institutional investors and hedge funds own 34.98% of the company's stock.

Insider Transactions at Royce Micro-Cap Trust

In related news, President Christopher D. Clark bought 5,400 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $9.56 per share, for a total transaction of $51,624.00. Following the acquisition, the president now owns 53,040 shares in the company, valued at $507,062.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

Royce Micro-Cap Trust Price Performance

NYSE RMT traded down $0.14 during trading hours on Tuesday, reaching $10.20. The stock had a trading volume of 99,782 shares, compared to its average volume of 98,589. Royce Micro-Cap Trust, Inc. has a 52-week low of $7.88 and a 52-week high of $10.39. The stock has a fifty day moving average of $9.56 and a 200 day moving average of $9.50.

Royce Micro-Cap Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 7.06%. The ex-dividend date was Friday, September 13th.

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.