Mraz Amerine & Associates Inc. Sells 7,622 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Mraz Amerine & Associates Inc. decreased its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 394,480 shares of the financial services provider’s stock after selling 7,622 shares during the quarter. Royce Micro-Cap Trust makes up 0.7% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 22nd biggest holding. Mraz Amerine & Associates Inc.’s holdings in Royce Micro-Cap Trust were worth $3,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RMT. Diversify Advisory Services LLC purchased a new stake in shares of Royce Micro-Cap Trust in the first quarter valued at $664,000. Jaffetilchin Investment Partners LLC lifted its stake in Royce Micro-Cap Trust by 127.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 14,820 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Royce Micro-Cap Trust during the first quarter valued at approximately $2,593,000. CWM LLC bought a new position in shares of Royce Micro-Cap Trust during the second quarter valued at approximately $432,000. Finally, Sapient Capital LLC raised its holdings in shares of Royce Micro-Cap Trust by 9.2% in the second quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock worth $876,000 after buying an additional 8,003 shares during the period. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Buying and Selling

In related news, President Christopher D. Clark acquired 5,400 shares of the stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $9.56 per share, with a total value of $51,624.00. Following the transaction, the president now directly owns 53,040 shares in the company, valued at approximately $507,062.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Royce Micro-Cap Trust Stock Performance

RMT opened at $9.43 on Friday. The business has a fifty day moving average of $9.56 and a 200 day moving average of $9.43. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend was Friday, September 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.