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 business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total transaction of $494,000.00. Following the completion of the sale, the insider now directly owns 1,270,942 shares in the company, valued at $12,556,906.96. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Royce Micro-Cap Trust Stock Up 1.3 %

NYSE:RMT opened at $9.93 on Wednesday. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $10.43. The company has a 50 day moving average price of $9.96 and a 200 day moving average price of $9.74.

Royce Micro-Cap Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were paid a $0.21 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.46%.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Alpha Financial Partners LLC acquired a new position in Royce Micro-Cap Trust in the 3rd quarter valued at about $101,000. HighTower Advisors LLC acquired a new position in shares of Royce Micro-Cap Trust in the third quarter valued at approximately $102,000. XTX Topco Ltd purchased a new stake in Royce Micro-Cap Trust during the 3rd quarter worth approximately $104,000. Stephens Inc. AR acquired a new stake in Royce Micro-Cap Trust during the 4th quarter worth approximately $124,000. Finally, Revolve Wealth Partners LLC purchased a new position in Royce Micro-Cap Trust in the 4th quarter valued at 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.