Royce Micro-Cap Trust, Inc. (NYSE:RMT) Stock Position Increased by Sapient Capital LLC

Sapient Capital LLC boosted its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,292 shares of the financial services provider’s stock after purchasing an additional 1,612 shares during the quarter. Sapient Capital LLC’s holdings in Royce Micro-Cap Trust were worth $825,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its position in Royce Micro-Cap Trust by 42.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,920 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 6,217 shares during the last quarter. ARK & TLK Investments LLC bought a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth about $211,000. International Assets Investment Management LLC raised its position in shares of Royce Micro-Cap Trust by 846.8% during the 4th quarter. International Assets Investment Management LLC now owns 23,186 shares of the financial services provider’s stock worth $214,000 after buying an additional 20,737 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth about $261,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Royce Micro-Cap Trust by 5.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,426 shares of the financial services provider’s stock worth $281,000 after buying an additional 1,591 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Stock Down 1.1 %

Shares of RMT stock traded down $0.10 during midday trading on Tuesday, reaching $8.88. 73,081 shares of the company were exchanged, compared to its average volume of 110,508. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.67 and a 12 month high of $9.51. The company’s 50 day moving average price is $9.12 and its two-hundred day moving average price is $8.83.

Royce Micro-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.66%.

Insiders Place Their Bets

In related news, President Christopher D. Clark purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $9.24 per share, for a total transaction of $46,200.00. Following the transaction, the president now owns 45,945 shares of the company’s stock, valued at $424,531.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is 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.