Alexander Randolph Advisory Inc. Sells 6,891 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Alexander Randolph Advisory Inc. cut its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 991,033 shares of the financial services provider’s stock after selling 6,891 shares during the period. Royce Micro-Cap Trust accounts for about 9.0% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 3rd biggest holding. Alexander Randolph Advisory Inc. owned 1.96% of Royce Micro-Cap Trust worth $9,663,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RMT. Wolverine Asset Management LLC raised its stake in Royce Micro-Cap Trust by 88.5% in the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock valued at $3,451,000 after acquiring an additional 166,180 shares during the period. Private Advisor Group LLC increased its holdings in shares of Royce Micro-Cap Trust by 10.5% in the fourth quarter. Private Advisor Group LLC now owns 89,992 shares of the financial services provider’s stock valued at $877,000 after purchasing an additional 8,553 shares during the last quarter. Sapient Capital LLC lifted its stake in shares of Royce Micro-Cap Trust by 2.2% during the 4th quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider’s stock worth $958,000 after buying an additional 2,123 shares during the last quarter. Stephens Inc. AR bought a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth about $124,000. Finally, Calamos Advisors LLC grew its stake in Royce Micro-Cap Trust by 146.5% in the 4th quarter. Calamos Advisors LLC now owns 36,395 shares of the financial services provider’s stock valued at $355,000 after buying an additional 21,629 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Stock Performance

Shares of RMT stock opened at $9.60 on Friday. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.59 and a 12-month high of $10.43. The firm has a 50 day moving average price of $9.89 and a two-hundred day moving average price of $9.77.

Royce Micro-Cap Trust Announces Dividend

The firm also recently announced 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 8.75%.

Insiders Place Their Bets

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the firm’s 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 sale, the insider now owns 1,120,942 shares of the company’s stock, valued at approximately $11,142,163.48. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 150,000 shares of company stock worth $1,489,500 in the last 90 days. Company insiders own 0.18% of the company’s stock.

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.