Charles M. Royce Sells 50,000 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) Stock

Charles M. Royce, an insider at Royce Micro-Cap Trust, Inc. (NYSE:RMT), recently sold 50,000 shares of the company's stock on January 29th. The sale was executed at an average price of $9.88 per share, amounting to a total value of $494,000. Following this significant transaction, Royce holds 1,270,942 shares, which are currently valued at approximately $12,556,906.96. This sale represents a reduction of 3.79% in his ownership stake. The transaction details have been officially reported through a legal filing with the Securities and Exchange Commission (SEC).

Royce Micro-Cap Trust Stock Performance

Royce Micro-Cap Trust Stock Down 1.2%

In trading activity on Monday, shares of Royce Micro-Cap Trust saw a decrease of $0.12, bringing the price down to $9.78. The trading volume for the day was 139,506 shares, which is higher than the average trading volume of 111,476 shares. The company's 50-day moving average is currently $9.98, while the 200-day moving average stands at $9.74. The stock has experienced a 12-month low of $8.59 and a high of $10.43 during the same period.

Royce Micro-Cap Trust Dividends

Additionally, Royce Micro-Cap Trust has recently declared a quarterly dividend, which was distributed on December 23rd. Shareholders who were on record by December 12th received a dividend of $0.21 per share. The ex-dividend date for this payment was also December 12th. This dividend results in an annualized distribution of $0.84 per share, reflecting a yield of 8.59%.

Changes Among Institutional Investors

There has been a notable increase in institutional trading involving Royce Micro-Cap Trust. Multiple hedge funds and institutional investors have recently adjusted their positions in RMT. For instance, Alpha Financial Partners LLC acquired a new position in the company valued at approximately $101,000 in the third quarter. Other investors, including HighTower Advisors and Stephens Inc., have also made similar moves. Collectively, institutional investors now hold roughly 34.98% of the company's stock.

About Royce Micro-Cap Trust

Royce Micro-Cap Trust, Inc. is a closed-end equity mutual fund, managed by Royce & Associates, LLC. The fund is focused on investments in the public equity markets of the United States, specifically targeting stocks of companies within various sectors that are valued at less than $500 million in market capitalization.

Investment Considerations

Investors interested in Royce Micro-Cap Trust should consider current market conditions and potential investment strategies. While the fund maintains a "Hold" rating among analysts, some top-rated experts suggest looking into other investment options that may yield more favorable results.

Royce, Stock, Investment