Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Sold by Bard Associates Inc.

Bard Associates Inc. reduced its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,001 shares of the financial services provider’s stock after selling 25,500 shares during the period. Bard Associates Inc.’s holdings in Royce Micro-Cap Trust were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in RMT. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Royce Micro-Cap Trust in the fourth quarter valued at approximately $283,000. XTX Topco Ltd purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter worth $104,000. Wolverine Asset Management LLC raised its position in Royce Micro-Cap Trust by 88.5% during the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock worth $3,451,000 after acquiring an additional 166,180 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Royce Micro-Cap Trust by 7.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider’s stock valued at $5,337,000 after purchasing an additional 40,267 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Royce Micro-Cap Trust in the third quarter valued at about $102,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the transaction, the insider now directly owns 1,120,942 shares of the company’s stock, valued at approximately $11,142,163.48. This represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 150,000 shares of company stock worth $1,489,500. Insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Price Performance

RMT stock opened at $9.02 on Tuesday. Royce Micro-Cap Trust, Inc. has a 52 week low of $8.59 and a 52 week high of $10.43. The firm has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $9.77.

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.