Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 101.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,426 shares of the financial services provider's stock after purchasing an additional 29,416 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.12% of Royce Micro-Cap Trust worth $493,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC purchased a new position in Royce Micro-Cap Trust in the fourth quarter worth approximately $10,142,000. Raymond James Financial Inc. acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter valued at $3,469,000. LPL Financial LLC grew its holdings in shares of Royce Micro-Cap Trust by 86.7% during the 4th quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider's stock worth $5,778,000 after purchasing an additional 275,117 shares during the period. Wolverine Asset Management LLC increased its position in shares of Royce Micro-Cap Trust by 88.5% during the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider's stock worth $3,451,000 after purchasing an additional 166,180 shares during the last quarter. Finally, Shaker Financial Services LLC raised its holdings 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 valued at $7,164,000 after buying an additional 115,516 shares during the period. Hedge funds and other institutional investors own 34.98% of the company's stock.

Insider Buying and Selling at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 43,229 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $8.31, for a total transaction of $359,232.99. Following the completion of the transaction, the insider now owns 798,970 shares in the company, valued at $6,639,440.70. The trade was a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Royce Micro-Cap Trust Trading Down 1.9%

RMT stock traded down $0.17 during mid-day trading on Thursday, hitting $8.93. 46,806 shares of the company were exchanged, compared to its average volume of 117,082. Royce Micro-Cap Trust, Inc. has a 12-month low of $7.25 and a 12-month high of $10.43. The business has a fifty day simple moving average of $8.38 and a 200-day simple moving average of $9.16.

Royce Micro-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.06%.

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.