Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Bought by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL grew its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 88,752 shares of the financial services provider’s stock after purchasing an additional 1,498 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Royce Micro-Cap Trust were worth $865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new stake in Royce Micro-Cap Trust during the third quarter worth approximately $102,000. XTX Topco Ltd purchased a new position in shares of Royce Micro-Cap Trust during the third quarter worth approximately $104,000. Stephens Inc. AR purchased a new position in shares of Royce Micro-Cap Trust during the fourth quarter worth approximately $124,000. Revolve Wealth Partners LLC purchased a new position in shares of Royce Micro-Cap Trust during the fourth quarter worth approximately $148,000. Finally, Heritage Wealth Management Inc. purchased a new position in shares of Royce Micro-Cap Trust during the third quarter worth approximately $185,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of RMT opened at $8.89 on Friday. The company’s 50 day simple moving average is $9.77 and its 200-day simple moving average is $9.75. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.59 and a 12-month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.55%.

Insider Transactions at Royce Micro-Cap Trust

In other news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total transaction of $494,000.00. Following the transaction, the insider now directly owns 1,270,942 shares in the company, valued at approximately $12,556,906.96. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 150,000 shares of company stock worth $1,489,500. 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.