Calamos Advisors LLC Purchases 21,629 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Calamos Advisors LLC lifted its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 146.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,395 shares of the financial services provider’s stock after purchasing an additional 21,629 shares during the quarter. Calamos Advisors LLC owned 0.07% of Royce Micro-Cap Trust worth $355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpha Financial Partners LLC bought a new position in Royce Micro-Cap Trust during the third quarter worth about $101,000. HighTower Advisors LLC bought a new position in shares of Royce Micro-Cap Trust during the 3rd quarter valued at about $102,000. XTX Topco Ltd bought a new position in shares of Royce Micro-Cap Trust during the 3rd quarter valued at about $104,000. Revolve Wealth Partners LLC bought a new position in shares of Royce Micro-Cap Trust during the 4th quarter valued at about $148,000. Finally, Heritage Wealth Management Inc. bought a new position in Royce Micro-Cap Trust in the third quarter valued at approximately $185,000. 34.98% of the stock is owned by institutional investors.

Royce Micro-Cap Trust Stock Up 1.4 %

Shares of RMT opened at $10.08 on Thursday. Royce Micro-Cap Trust, Inc. has a twelve month low of $8.59 and a twelve month high of $10.43. The firm’s 50 day moving average price is $9.96 and its two-hundred day moving average price is $9.75.

Royce Micro-Cap Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.84 annualized dividend and a yield of 8.33%.

Insider Activity at Royce Micro-Cap Trust

In other news, insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $9.94, for a total value 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. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Royce Micro-Cap Trust Company Profile

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.