Logan Stone Capital LLC grew its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 181.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 91,912 shares of the financial services provider's stock after buying an additional 59,288 shares during the quarter. Logan Stone Capital LLC owned 0.18% of Royce Micro-Cap Trust worth $896,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of RMT. Bank of America Corp DE boosted its stake in Royce Micro-Cap Trust by 4.9% in the fourth quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider's stock valued at $4,918,000 after acquiring an additional 23,550 shares in the last quarter. Stifel Financial Corp raised its holdings in Royce Micro-Cap Trust by 10.3% during the fourth quarter. Stifel Financial Corp now owns 60,831 shares of the financial services provider's stock worth $593,000 after purchasing an additional 5,681 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in shares of Royce Micro-Cap Trust by 18.7% in the fourth quarter. Shaker Financial Services LLC now owns 734,786 shares of the financial services provider's stock valued at $7,164,000 after purchasing an additional 115,516 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Royce Micro-Cap Trust by 11.9% in the fourth quarter. Walleye Capital LLC now owns 47,150 shares of the financial services provider's stock valued at $460,000 after acquiring an additional 4,999 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its position in Royce Micro-Cap Trust by 12.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,418 shares of the financial services provider's stock worth $150,000 after acquiring an additional 1,714 shares during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.
Royce Micro-Cap Trust Trading Down 0.6%
Shares of NYSE RMT traded down $0.05 on Thursday, reaching $8.75. 95,923 shares of the company traded hands, compared to its average volume of 114,169. The company has a 50 day moving average of $8.24 and a 200 day moving average of $9.29. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $7.25 and a fifty-two week high of $10.43.
Royce Micro-Cap Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date was Thursday, March 13th.
Insider Activity at Royce Micro-Cap Trust
In related news, insider Charles M. Royce sold 9,160 shares of the business's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $7.87, for a total value of $72,089.20. Following the transaction, the insider now owns 961,782 shares in the company, valued at approximately $7,569,224.34. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 102,389 shares of company stock worth $929,822. Corporate insiders own 0.18% of the company's stock.
Royce Micro-Cap Trust Company Profile
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Free Report)
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.
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