Insider Selling: Royce Micro-Cap Trust, Inc. (NYSE:RMT) Insider Sells $497,000.00 in Stock

Royce Micro-Cap Trust, Inc. (NYSE:RMT) 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 transaction, the insider now owns 1,120,942 shares in the company, valued at $11,142,163.48. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Royce Micro-Cap Trust Price Performance

RMT opened at $10.08 on Thursday. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.59 and a 12-month high of $10.43. The business’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $9.75.

Royce Micro-Cap Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.33%. The ex-dividend date was Thursday, December 12th.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Several large investors have recently modified their holdings of the business. Alpha Financial Partners LLC bought a new position in shares of Royce Micro-Cap Trust during the third quarter valued at approximately $101,000. HighTower Advisors LLC bought a new position in Royce Micro-Cap Trust in the third quarter worth approximately $102,000. XTX Topco Ltd purchased a new stake in Royce Micro-Cap Trust during the third quarter worth $104,000. Stephens Inc. AR bought a new stake in Royce Micro-Cap Trust during the 4th quarter valued at $124,000. Finally, Revolve Wealth Partners LLC purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter valued at $148,000. Institutional investors own 34.98% of the company’s stock.

About Royce Micro-Cap Trust

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.