Royce Micro-Cap Trust (NYSE:RMT) Hits New 52-Week High – Time to Buy?

Royce Micro-Cap Trust, Inc. (NYSE:RMT)’s share price reached a new 52-week high on Thursday . The stock traded as high as $10.12 and last traded at $10.10, with a volume of 55636 shares changing hands. The stock had previously closed at $10.04.

Royce Micro-Cap Trust Stock Up 0.6 %

The company’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $9.47.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 7.13%. The ex-dividend date was Friday, September 13th.

Insider Buying and Selling

In other Royce Micro-Cap Trust news, President Christopher D. Clark bought 5,400 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $9.56 per share, for a total transaction of $51,624.00. Following the completion of the acquisition, the president now owns 53,040 shares of the company’s stock, valued at $507,062.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Royce Micro-Cap Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMT. Alpha Financial Partners LLC bought a new stake in Royce Micro-Cap Trust during the third quarter worth $101,000. Heritage Wealth Management Inc. bought a new position in shares of Royce Micro-Cap Trust in the third quarter valued at about $185,000. Jaffetilchin Investment Partners LLC raised its position in shares of Royce Micro-Cap Trust by 127.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 14,820 shares during the period. Logan Stone Capital LLC raised its position in shares of Royce Micro-Cap Trust by 80.4% in the second quarter. Logan Stone Capital LLC now owns 37,534 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 16,725 shares during the period. Finally, Hara Capital LLC raised its position in shares of Royce Micro-Cap Trust by 12.7% in the third quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 4,800 shares during the period. 34.98% of the stock is owned by 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.