Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Acquired by Shaker Financial Services LLC

Shaker Financial Services LLC lifted its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 734,786 shares of the financial services provider's stock after buying an additional 115,516 shares during the period. Royce Micro-Cap Trust makes up about 2.7% of Shaker Financial Services LLC's portfolio, making the stock its 3rd largest position. Shaker Financial Services LLC owned approximately 1.45% of Royce Micro-Cap Trust worth $7,164,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RMT. Modern Wealth Management LLC acquired a new position in shares of Royce Micro-Cap Trust during the fourth quarter worth $10,142,000. Wells Fargo & Company MN increased its position in Royce Micro-Cap Trust by 3.9% during the 4th quarter. Wells Fargo & Company MN now owns 604,206 shares of the financial services provider's stock valued at $5,891,000 after buying an additional 22,508 shares in the last quarter. LPL Financial LLC raised its stake in Royce Micro-Cap Trust by 86.7% in the fourth quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider's stock valued at $5,778,000 after buying an additional 275,117 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings 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 worth $5,337,000 after acquiring an additional 40,267 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Royce Micro-Cap Trust by 14.4% in 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 acquiring an additional 54,366 shares in the last quarter. Institutional investors own 34.98% of the company's stock.

Insiders Place Their Bets

In other news, insider Charles M. Royce sold 50,000 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the transaction, the insider now directly owns 1,120,942 shares in the company, valued at $11,142,163.48. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 159,160 shares of company stock valued at $1,561,589. 0.18% of the stock is owned by company insiders.

Royce Micro-Cap Trust Stock Performance

Shares of RMT traded up $0.04 during mid-day trading on Friday, hitting $8.23. 100,800 shares of the company traded hands, compared to its average volume of 110,686. The business has a 50 day moving average of $8.47 and a 200 day moving average of $9.40. Royce Micro-Cap Trust, Inc. has a 1-year low of $7.25 and a 1-year high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date of this dividend was Thursday, March 13th.

Royce Micro-Cap Trust Company 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.