Raymond James Financial Inc. Makes New Investment in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Raymond James Financial Inc. purchased a new position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 355,771 shares of the financial services provider’s stock, valued at approximately $3,469,000. Raymond James Financial Inc. owned about 0.70% of Royce Micro-Cap Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in shares of Royce Micro-Cap Trust in the 3rd quarter valued at approximately $102,000. XTX Topco Ltd acquired a new position in Royce Micro-Cap Trust during the third quarter valued at approximately $104,000. Stephens Inc. AR bought a new stake in Royce Micro-Cap Trust in the fourth quarter valued at approximately $124,000. Revolve Wealth Partners LLC acquired a new stake in Royce Micro-Cap Trust in the fourth quarter worth $148,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Royce Micro-Cap Trust by 107.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 10,812 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

RMT opened at $8.59 on Friday. Royce Micro-Cap Trust, Inc. has a 12 month low of $8.35 and a 12 month high of $10.43. The company has a fifty day simple moving average of $9.43 and a 200 day simple moving average of $9.65.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were issued a $0.19 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.85%.

Insider Transactions at Royce Micro-Cap Trust

In other news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the insider now owns 1,120,942 shares of the company’s stock, valued at $11,142,163.48. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 150,000 shares of company stock valued at $1,489,500 over the last 90 days. 0.18% of the stock is owned by company 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.