Insider Buying: Royce Micro-Cap Trust, Inc. (NYSE:RMT) President Purchases 5,400 Shares of Stock

Royce Micro-Cap Trust, Inc. (NYSE:RMT) President Christopher D. Clark bought 5,400 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $9.56 per share, for a total transaction of $51,624.00. Following the completion of the transaction, the president now directly owns 53,040 shares of the company’s stock, valued at $507,062.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Royce Micro-Cap Trust Trading Up 0.2 %

Royce Micro-Cap Trust stock traded up $0.02 during trading on Monday, hitting $9.61. 36,169 shares of the company were exchanged, compared to its average volume of 101,134. The business’s 50 day moving average is $9.42 and its 200 day moving average is $9.31. Royce Micro-Cap Trust, Inc. has a 52 week low of $7.67 and a 52 week high of $10.11.

Royce Micro-Cap Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.72 annualized dividend and a yield of 7.49%. This is an increase from Royce Micro-Cap Trust’s previous quarterly dividend of $0.17.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Several institutional investors have recently bought and sold shares of RMT. Cetera Advisors LLC bought a new position in Royce Micro-Cap Trust in the 1st quarter valued at $2,593,000. Sapient Capital LLC bought a new position in Royce Micro-Cap Trust in the 4th quarter valued at $792,000. Alexander Randolph Advisory Inc. bought a new position in Royce Micro-Cap Trust in the 4th quarter valued at $9,160,000. Shaker Financial Services LLC grew its stake in Royce Micro-Cap Trust by 18.8% in the 4th quarter. Shaker Financial Services LLC now owns 310,633 shares of the financial services provider’s stock valued at $2,870,000 after purchasing an additional 49,136 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Royce Micro-Cap Trust by 846.8% in the 4th quarter. International Assets Investment Management LLC now owns 23,186 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 20,737 shares during the period. 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.