AQR Arbitrage LLC Sells 49,510 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

AQR Arbitrage LLC lowered its holdings in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,356 shares of the financial services provider's stock after selling 49,510 shares during the quarter. AQR Arbitrage LLC owned approximately 0.29% of Royce Micro-Cap Trust worth $1,437,000 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. Modern Wealth Management LLC purchased a new stake in Royce Micro-Cap Trust during the 4th quarter valued at approximately $10,142,000. Shaker Financial Services LLC lifted its stake in Royce Micro-Cap Trust by 18.7% in the 4th quarter. Shaker Financial Services LLC now owns 734,786 shares of the financial services provider's stock worth $7,164,000 after purchasing an additional 115,516 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Royce Micro-Cap Trust by 3.9% during the 4th quarter. Wells Fargo & Company MN now owns 604,206 shares of the financial services provider's stock valued at $5,891,000 after purchasing an additional 22,508 shares during the last quarter. LPL Financial LLC grew its position in shares of Royce Micro-Cap Trust by 86.7% during the fourth quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider's stock valued at $5,778,000 after purchasing an additional 275,117 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Royce Micro-Cap Trust by 7.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider's stock worth $5,337,000 after purchasing an additional 40,267 shares during the last quarter. Institutional investors own 34.98% of the company's stock.

Royce Micro-Cap Trust Price Performance

Royce Micro-Cap Trust stock traded down $0.01 during midday trading on Monday, reaching $8.30. 120,854 shares of the stock traded hands, compared to its average volume of 112,447. The stock's fifty day moving average is $8.33 and its 200-day moving average is $9.35. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.25 and a 12 month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend was Thursday, March 13th.

Insider Activity

In related news, insider Charles M. Royce sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the sale, the insider now directly owns 1,070,942 shares in the company, valued at $10,677,291.74. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% 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.