Royce Micro-Cap Trust, Inc. (NYSE:RMT) Stake Boosted by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 272.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,663 shares of the financial services provider’s stock after purchasing an additional 29,019 shares during the period. HighTower Advisors LLC owned 0.08% of Royce Micro-Cap Trust worth $387,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Royce Micro-Cap Trust in the third quarter valued at approximately $104,000. Stephens Inc. AR acquired a new position in Royce Micro-Cap Trust during the 4th quarter worth $124,000. Revolve Wealth Partners LLC bought a new position in shares of Royce Micro-Cap Trust in the fourth quarter worth $148,000. Steward Partners Investment Advisory LLC increased its holdings 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 valued at $203,000 after purchasing an additional 10,812 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $283,000. Institutional investors own 34.98% of the company’s stock.

Insider Activity

In other news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total transaction of $494,000.00. Following the completion of the transaction, the insider now owns 1,270,942 shares in the company, valued at approximately $12,556,906.96. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 150,000 shares of company stock worth $1,489,500. 0.18% of the stock is owned by company insiders.

Royce Micro-Cap Trust Trading Down 0.7 %

Shares of RMT opened at $8.41 on Tuesday. The firm has a 50-day moving average price of $9.37 and a 200 day moving average price of $9.65. Royce Micro-Cap Trust, Inc. has a 52-week low of $8.24 and a 52-week high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date was Thursday, March 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.