Bard Associates Inc. Sells 3,000 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Bard Associates Inc. lowered its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,501 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Bard Associates Inc. owned about 0.35% of Royce Micro-Cap Trust worth $1,725,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RMT. Jaffetilchin Investment Partners LLC grew its stake in Royce Micro-Cap Trust by 127.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 14,820 shares during the period. Cetera Advisors LLC bought a new stake in shares of Royce Micro-Cap Trust in the 1st quarter valued at $2,593,000. CWM LLC acquired a new position in shares of Royce Micro-Cap Trust during the 2nd quarter valued at $432,000. Sapient Capital LLC raised its stake in Royce Micro-Cap Trust by 9.2% during the 2nd quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock worth $876,000 after buying an additional 8,003 shares during the period. Finally, Family Firm Inc. boosted its holdings in Royce Micro-Cap Trust by 4.1% in the second quarter. Family Firm Inc. now owns 262,532 shares of the financial services provider’s stock worth $2,413,000 after acquiring an additional 10,439 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

RMT opened at $9.94 on Friday. The company’s fifty day moving average price is $9.58 and its two-hundred day moving average price is $9.51. Royce Micro-Cap Trust, Inc. has a 1-year low of $8.13 and a 1-year high of $10.39.

Royce Micro-Cap Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.72 annualized dividend and a dividend yield of 7.24%.

Royce Micro-Cap Trust 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.