Insider Selling: Royce Micro-Cap Trust, Inc. (NYSE:RMT) Insider Sells 50,000 Shares of Stock

Royce Micro-Cap Trust, Inc. (NYSE:RMT) insider Charles M. Royce sold 50,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total value of $494,000.00. Following the sale, the insider now directly owns 1,270,942 shares in the company, valued at approximately $12,556,906.96. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Royce Micro-Cap Trust Price Performance

NYSE:RMT traded down $0.12 on Monday, reaching $9.78. The stock had a trading volume of 139,506 shares, compared to its average volume of 111,476. Royce Micro-Cap Trust, Inc. has a 12-month low of $8.59 and a 12-month high of $10.43. The firm’s fifty day moving average is $9.98 and its two-hundred day moving average is $9.74.

Royce Micro-Cap Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a $0.21 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.84 annualized dividend and a yield of 8.59%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Alpha Financial Partners LLC acquired a new position in shares of Royce Micro-Cap Trust in the 3rd quarter valued at $101,000. HighTower Advisors LLC acquired a new stake in Royce Micro-Cap Trust during the third quarter worth about $102,000. XTX Topco Ltd purchased a new position in shares of Royce Micro-Cap Trust in the 3rd quarter worth about $104,000. Stephens Inc. AR acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter valued at about $124,000. Finally, Revolve Wealth Partners LLC purchased a new stake in Royce Micro-Cap Trust during the fourth quarter worth approximately $148,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

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.