Steward Partners Investment Advisory LLC Grows Stock Holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Steward Partners Investment Advisory LLC raised its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 107.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,843 shares of the financial services provider’s stock after acquiring an additional 10,812 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Royce Micro-Cap Trust were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RMT. HighTower Advisors LLC purchased a new position in shares of Royce Micro-Cap Trust during the third quarter valued at about $102,000. XTX Topco Ltd purchased a new position in shares of Royce Micro-Cap Trust during the third quarter valued at about $104,000. Stephens Inc. AR purchased a new position in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $124,000. Revolve Wealth Partners LLC purchased a new position in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $148,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $283,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the sale, the insider now owns 1,120,942 shares of the company’s stock, valued at $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 is available at this link. Insiders have sold 150,000 shares of company stock valued at $1,489,500 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Trading Up 1.0 %

Shares of NYSE RMT opened at $8.49 on Friday. Royce Micro-Cap Trust, Inc. has a 1 year low of $8.35 and a 1 year high of $10.43. The company’s 50-day moving average is $9.65 and its 200 day moving average is $9.71.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 13th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.96%. The ex-dividend date is Thursday, March 13th.

About Royce Micro-Cap Trust

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.