Bard Associates Inc. Lowers Holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Bard Associates Inc. lowered its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 179,501 shares of the financial services provider’s stock after selling 3,000 shares during the period. Bard Associates Inc.’s holdings in Royce Micro-Cap Trust were worth $1,725,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jaffetilchin Investment Partners LLC boosted its position in Royce Micro-Cap Trust by 127.2% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 14,820 shares in the last quarter. Cetera Advisors LLC purchased a new stake in Royce Micro-Cap Trust during the first quarter worth $2,593,000. CWM LLC purchased a new stake in Royce Micro-Cap Trust during the second quarter worth $432,000. Sapient Capital LLC grew its position in Royce Micro-Cap Trust by 9.2% during the second quarter. Sapient Capital LLC now owns 95,295 shares of the financial services provider’s stock valued at $876,000 after buying an additional 8,003 shares during the period. Finally, Family Firm Inc. increased its holdings in Royce Micro-Cap Trust by 4.1% in the second quarter. Family Firm Inc. now owns 262,532 shares of the financial services provider’s stock valued at $2,413,000 after buying an additional 10,439 shares in the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Micro-Cap Trust Price Performance

RMT stock opened at $9.94 on Friday. Royce Micro-Cap Trust, Inc. has a 52-week low of $8.13 and a 52-week high of $10.39. The company’s 50-day simple moving average is $9.58 and its 200-day simple moving average is $9.51.

Royce Micro-Cap Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 7.24%.

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.