Moors & Cabot Inc. Raises Stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Moors & Cabot Inc. lifted its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 112,421 shares of the financial services provider’s stock after purchasing an additional 7,045 shares during the quarter. Moors & Cabot Inc. owned about 0.22% of Royce Micro-Cap Trust worth $1,096,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Roberts Glore & Co. Inc. IL grew its holdings in shares of Royce Micro-Cap Trust by 1.7% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 88,752 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 1,498 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in Royce Micro-Cap Trust by 14.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider’s stock worth $4,217,000 after acquiring an additional 54,366 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Royce Micro-Cap Trust during the 4th quarter worth approximately $3,469,000. Steward Partners Investment Advisory LLC lifted its position in Royce Micro-Cap Trust by 107.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 10,812 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in Royce Micro-Cap Trust by 88.5% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total transaction of $498,500.00. Following the transaction, the insider now directly owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 150,000 shares of company stock valued at $1,489,500. Corporate insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Price Performance

Royce Micro-Cap Trust stock opened at $8.38 on Friday. The stock’s 50 day moving average price is $9.68 and its 200 day moving average price is $9.72. Royce Micro-Cap Trust, Inc. has a one year low of $8.35 and a one year high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.07%. The ex-dividend date is Thursday, March 13th.

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.