Logan Stone Capital LLC Acquires 59,288 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Logan Stone Capital LLC boosted its position 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 Securities and Exchange Commission (SEC). The firm owned 91,912 shares of the financial services provider's stock after purchasing an additional 59,288 shares during the quarter. Logan Stone Capital LLC owned about 0.18% of Royce Micro-Cap Trust worth $896,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RMT. Hennion & Walsh Asset Management Inc. bought a new position in shares of Royce Micro-Cap Trust in the fourth quarter worth about $283,000. Wolverine Asset Management LLC lifted its stake in Royce Micro-Cap Trust by 88.5% in the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider's stock valued at $3,451,000 after purchasing an additional 166,180 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in 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 valued at $5,337,000 after buying an additional 40,267 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Royce Micro-Cap Trust by 14.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider's stock worth $4,217,000 after buying an additional 54,366 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new position in shares of Royce Micro-Cap Trust during the fourth quarter worth $10,142,000. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Stock Up 0.6%

Shares of RMT traded up $0.05 during trading hours on Friday, reaching $8.81. The stock had a trading volume of 101,801 shares, compared to its average volume of 114,265. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.25 and a 12 month high of $10.43. The company's 50-day moving average is $8.25 and its two-hundred day moving average is $9.28.

Royce Micro-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were given a $0.19 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.76 annualized dividend and a yield of 8.62%.

Insider Buying and Selling at Royce Micro-Cap Trust

In other news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction dated 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 owns 1,070,942 shares of the company's stock, valued at approximately $10,677,291.74. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 102,389 shares of company stock worth $929,822. 0.18% of the stock is currently owned by insiders.

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.