Royce Micro-Cap Trust (NYSE:RMT) Hits New 12-Month High – Should You Buy?

Royce Micro-Cap Trust, Inc. (NYSE:RMT)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.40 and last traded at $10.40, with a volume of 148675 shares traded. The stock had previously closed at $10.32.

Royce Micro-Cap Trust Stock Performance

The company has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.58.

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 issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.92%.

Institutional Trading of Royce Micro-Cap Trust

A number of institutional investors have recently made changes to their positions in RMT. Alpha Financial Partners LLC purchased a new position in shares of Royce Micro-Cap Trust during the 3rd quarter valued at about $101,000. HighTower Advisors LLC bought a new position in Royce Micro-Cap Trust during the 3rd quarter valued at about $102,000. XTX Topco Ltd bought a new stake in shares of Royce Micro-Cap Trust during the 3rd quarter worth approximately $104,000. Heritage Wealth Management Inc. purchased a new stake in shares of Royce Micro-Cap Trust during the third quarter valued at $185,000. Finally, Logan Stone Capital LLC boosted its position in Royce Micro-Cap Trust by 80.4% in the 2nd quarter. Logan Stone Capital LLC now owns 37,534 shares of the financial services provider’s stock valued at $345,000 after buying an additional 16,725 shares during the period. Hedge funds and other institutional investors own 34.98% of the company’s stock.

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.