Insider Selling: Royce Micro-Cap Trust, Inc. (NYSE:RMT) Insider Sells 50,000 Shares of Stock

Royce Micro-Cap Trust, Inc. (NYSE:RMT) insider Charles M. Royce sold 50,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,070,942 shares of the company’s stock, valued at $10,677,291.74. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Royce Micro-Cap Trust Stock Down 0.7 %

Shares of RMT opened at $9.93 on Thursday. The company has a 50 day moving average price of $9.90 and a 200-day moving average price of $9.76. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $10.43.

Royce Micro-Cap Trust Announces Dividend

The business also recently announced 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. The ex-dividend date was Thursday, December 12th. This represents a $0.84 dividend on an annualized basis and a yield of 8.46%.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Hedge funds have recently made changes to their positions in the stock. Alpha Financial Partners LLC purchased a new stake in shares of Royce Micro-Cap Trust during the 3rd quarter worth $101,000. HighTower Advisors LLC purchased a new stake in shares of Royce Micro-Cap Trust during the third quarter valued at about $102,000. XTX Topco Ltd purchased a new stake in Royce Micro-Cap Trust during the third quarter valued at approximately $104,000. Stephens Inc. AR purchased a new stake in Royce Micro-Cap Trust during the fourth quarter valued at approximately $124,000. Finally, Revolve Wealth Partners LLC purchased a new stake in Royce Micro-Cap Trust during the fourth quarter valued at approximately $148,000. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

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.