Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.26 and traded as low as $8.56. Royce Micro-Cap Trust shares last traded at $8.63, with a volume of 181,516 shares trading hands.
Royce Micro-Cap Trust Trading Up 0.1%
The stock's 50 day moving average price is $8.27 and its 200 day moving average price is $9.23.
Royce Micro-Cap Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend was Thursday, March 13th.
Insider Transactions at Royce Micro-Cap Trust
In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 43,229 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $8.31, for a total value of $359,232.99. Following the sale, the insider now directly owns 798,970 shares in the company, valued at approximately $6,639,440.70. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.
Hedge Funds Weigh In On Royce Micro-Cap Trust
A number of institutional investors have recently bought and sold shares of RMT. Revolve Wealth Partners LLC acquired a new stake in shares of Royce Micro-Cap Trust during the 4th quarter valued at about $148,000. Calamos Advisors LLC grew its stake in shares of Royce Micro-Cap Trust by 146.5% in the fourth quarter. Calamos Advisors LLC now owns 36,395 shares of the financial services provider's stock valued at $355,000 after buying an additional 21,629 shares in the last quarter. Stephens Inc. AR acquired a new position in Royce Micro-Cap Trust in the fourth quarter valued at about $124,000. Sapient Capital LLC grew its holdings in shares of Royce Micro-Cap Trust by 2.2% during the fourth quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider's stock worth $958,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Royce Micro-Cap Trust by 10.5% during the fourth quarter. Private Advisor Group LLC now owns 89,992 shares of the financial services provider's stock worth $877,000 after purchasing an additional 8,553 shares during the last quarter. Hedge funds and other institutional investors own 34.98% of the company's stock.
About Royce Micro-Cap Trust
(
Get 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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