Royce Micro-Cap Trust, Inc. (NYSE:RMT) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,199 shares of the financial services provider’s stock after acquiring an additional 2,064 shares during the period. Moors & Cabot Inc. owned 0.22% of Royce Micro-Cap Trust worth $985,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RMT. ARK & TLK Investments LLC acquired a new position in Royce Micro-Cap Trust during the 4th quarter worth approximately $211,000. Jaffetilchin Investment Partners LLC increased its position in Royce Micro-Cap Trust by 127.2% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 14,820 shares during the period. CWM LLC acquired a new position in Royce Micro-Cap Trust during the 2nd quarter worth approximately $432,000. EP Wealth Advisors LLC increased its position in Royce Micro-Cap Trust by 2.3% during the 4th quarter. EP Wealth Advisors LLC now owns 53,266 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 1,184 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in Royce Micro-Cap Trust during the 1st quarter worth approximately $664,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Insider Transactions at Royce Micro-Cap Trust

In other news, President Christopher D. Clark purchased 5,400 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $9.56 per share, with a total value of $51,624.00. Following the purchase, the president now directly owns 53,040 shares of the company’s stock, valued at $507,062.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Price Performance

Shares of NYSE:RMT opened at $9.45 on Thursday. The business’s 50 day simple moving average is $9.56 and its 200-day simple moving average is $9.36. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.67 and a 12 month high of $10.11.

Royce Micro-Cap Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Friday, September 13th.

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.