355,771 Shares in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 355,771 shares of the financial services provider’s stock, valued at approximately $3,469,000.

Several other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Royce Micro-Cap Trust by 107.8% in 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 last quarter. Wolverine Asset Management LLC grew its position in Royce Micro-Cap Trust by 88.5% in the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock valued at $3,451,000 after purchasing an additional 166,180 shares in the last quarter. Private Advisor Group LLC increased its stake in Royce Micro-Cap Trust by 10.5% in the 4th quarter. Private Advisor Group LLC now owns 89,992 shares of the financial services provider’s stock valued at $877,000 after buying an additional 8,553 shares during the last quarter. Sapient Capital LLC lifted its position in Royce Micro-Cap Trust by 2.2% during the 4th quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider’s stock worth $958,000 after buying an additional 2,123 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of Royce Micro-Cap Trust during the 4th quarter worth about $124,000. Institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE RMT opened at $8.59 on Friday. The business has a 50-day moving average of $9.43 and a 200-day moving average of $9.65. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the sale, the insider now owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. This represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 150,000 shares of company stock valued at $1,489,500 in the last 90 days. 0.18% of the stock is currently owned by 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.