Alexander Randolph Advisory Inc. Makes New Investment in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Alexander Randolph Advisory Inc. purchased a new stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 991,297 shares of the financial services provider's stock, valued at approximately $9,160,000. Royce Micro-Cap Trust makes up 8.3% of Alexander Randolph Advisory Inc.'s portfolio, making the stock its 2nd biggest position. Alexander Randolph Advisory Inc. owned 2.04% of Royce Micro-Cap Trust at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RMT. WealthShield Partners LLC increased its position in shares of Royce Micro-Cap Trust by 3.0% in the fourth quarter. WealthShield Partners LLC now owns 44,228 shares of the financial services provider's stock valued at $409,000 after buying an additional 1,307 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Royce Micro-Cap Trust by 5.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,426 shares of the financial services provider's stock valued at $281,000 after buying an additional 1,591 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Royce Micro-Cap Trust by 2.3% in the third quarter. Moors & Cabot Inc. now owns 102,929 shares of the financial services provider's stock valued at $852,000 after buying an additional 2,284 shares in the last quarter. Raymond James & Associates increased its position in shares of Royce Micro-Cap Trust by 1.1% during the third quarter. Raymond James & Associates now owns 298,123 shares of the financial services provider's stock worth $2,468,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Royce Micro-Cap Trust by 1.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 205,692 shares of the financial services provider's stock worth $1,703,000 after purchasing an additional 3,819 shares in the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Micro-Cap Trust Stock Up 1.4 %

Shares of RMT traded up $0.12 during trading hours on Friday, hitting $8.89. 59,163 shares of the stock were exchanged, compared to its average volume of 106,886. Royce Micro-Cap Trust, Inc. has a 12-month low of $7.67 and a 12-month high of $9.51. The stock's 50-day moving average price is $9.14 and its two-hundred day moving average price is $8.82.

Royce Micro-Cap Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend was Friday, March 8th.

Insider Buying and Selling

In other news, President Christopher D. Clark purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $9.24 per share, for a total transaction of $46,200.00. Following the completion of the transaction, the president now owns 45,945 shares of the company's stock, valued at $424,531.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by company insiders.

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.