Sapient Capital LLC Makes New Investment in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Sapient Capital LLC acquired a new position in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 85,680 shares of the financial services provider's stock, valued at approximately $792,000. Sapient Capital LLC owned about 0.18% of Royce Micro-Cap Trust at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Royce Micro-Cap Trust by 24.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,463,810 shares of the financial services provider's stock worth $13,526,000 after acquiring an additional 286,476 shares during the last quarter. Alexander Randolph Advisory Inc. acquired a new stake in Royce Micro-Cap Trust during the 4th quarter worth $9,160,000. Punch & Associates Investment Management Inc. grew its holdings in shares of Royce Micro-Cap Trust by 21.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 929,785 shares of the financial services provider's stock worth $7,699,000 after buying an additional 162,579 shares in the last quarter. UBS Group AG grew its holdings in shares of Royce Micro-Cap Trust by 1.8% during the third quarter. UBS Group AG now owns 917,287 shares of the financial services provider's stock worth $7,595,000 after buying an additional 16,209 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Royce Micro-Cap Trust by 7.2% in the fourth quarter. Raymond James & Associates now owns 319,549 shares of the financial services provider's stock valued at $2,953,000 after buying an additional 21,426 shares during the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royce Micro-Cap Trust

In related news, President Christopher D. Clark acquired 5,000 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price 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 in the company, valued at approximately $424,531.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Royce Micro-Cap Trust Stock Performance

RMT traded up $0.09 on Friday, reaching $9.14. 72,793 shares of the company's stock were exchanged, compared to its average volume of 95,245. Royce Micro-Cap Trust, Inc. has a twelve month low of $7.67 and a twelve month high of $9.51. The stock's fifty day moving average price is $9.11 and its 200-day moving average price is $8.85.

Royce Micro-Cap Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.44%. The ex-dividend date was Friday, March 8th.

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.