Stephens Inc. AR Makes New $124,000 Investment in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Stephens Inc. AR bought a new position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,715 shares of the financial services provider’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Calamos Advisors LLC raised its holdings in 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 worth $355,000 after purchasing an additional 21,629 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Royce Micro-Cap Trust in the 4th quarter worth about $148,000. Flagship Harbor Advisors LLC increased its stake in shares of Royce Micro-Cap Trust by 7.9% in the 4th 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. Hennion & Walsh Asset Management Inc. purchased a new position in Royce Micro-Cap Trust during the 4th quarter valued at about $283,000. Finally, XTX Topco Ltd bought a new stake in Royce Micro-Cap Trust during the third quarter worth about $104,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of RMT opened at $10.02 on Monday. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $10.43. The firm’s 50-day simple moving average is $9.92 and its two-hundred day simple moving average is $9.75.

Royce Micro-Cap Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were paid a $0.21 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 8.38%.

Insider Activity at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the insider now directly owns 1,120,942 shares of the company’s stock, valued at approximately $11,142,163.48. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

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.