Royce Micro-Cap Trust, Inc. (NYSE:RMT) Insider Charles M. Royce Sells 50,000 Shares

Royce Micro-Cap Trust, Inc. (NYSE:RMT) insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.97, for a total transaction of $498,500.00. Following the sale, the insider now owns 1,070,942 shares in the company, valued at approximately $10,677,291.74. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Royce Micro-Cap Trust Price Performance

RMT traded down $0.07 during midday trading on Wednesday, reaching $9.93. The company’s stock had a trading volume of 224,541 shares, compared to its average volume of 104,470. The stock’s 50-day moving average is $9.91 and its 200-day moving average is $9.75. Royce Micro-Cap Trust, Inc. has a 1 year low of $8.59 and a 1 year high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 8.46%.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Several large investors have recently modified their holdings of the stock. Alpha Financial Partners LLC bought a new stake in Royce Micro-Cap Trust during the 3rd quarter valued at about $101,000. HighTower Advisors LLC purchased a new stake in shares of Royce Micro-Cap Trust during the third quarter valued at approximately $102,000. XTX Topco Ltd bought a new stake in shares of Royce Micro-Cap Trust during the third quarter valued at approximately $104,000. Stephens Inc. AR bought a new stake in shares of Royce Micro-Cap Trust during the fourth quarter valued at approximately $124,000. Finally, Revolve Wealth Partners LLC purchased a new position in Royce Micro-Cap Trust in the 4th quarter worth approximately $148,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

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.