Royce Micro-Cap Trust, Inc. (NYSE:RMT) President Buys $51,624.00 in Stock

Royce Micro-Cap Trust, Inc. (NYSE:RMT) President Christopher D. Clark purchased 5,400 shares of the company’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $9.56 per share, for a total transaction of $51,624.00. Following the acquisition, the president now directly owns 53,040 shares of the company’s stock, valued at approximately $507,062.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE RMT opened at $9.67 on Thursday. The stock’s fifty day simple moving average is $9.43 and its 200 day simple moving average is $9.32. Royce Micro-Cap Trust, Inc. has a 52-week low of $7.67 and a 52-week high of $10.11.

Royce Micro-Cap Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.72 dividend on an annualized basis and a yield of 7.45%. This is a boost from Royce Micro-Cap Trust’s previous quarterly dividend of $0.17.

Institutional Trading of Royce Micro-Cap Trust

A number of hedge funds have recently bought and sold shares of the company. Alexander Randolph Advisory Inc. purchased a new stake in shares of Royce Micro-Cap Trust in the 4th quarter valued at approximately $9,160,000. Cetera Advisors LLC purchased a new stake in shares of Royce Micro-Cap Trust in the first quarter worth approximately $2,593,000. Wolverine Asset Management LLC lifted its position in shares of Royce Micro-Cap Trust by 579.1% in the second quarter. Wolverine Asset Management LLC now owns 128,426 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 109,516 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Royce Micro-Cap Trust by 39.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 318,672 shares of the financial services provider’s stock worth $2,929,000 after purchasing an additional 89,882 shares during the period. Finally, Sapient Capital LLC purchased a new position in Royce Micro-Cap Trust during the fourth quarter valued at approximately $792,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.