Royce Micro-Cap Trust, Inc. (NYSE:RMT) Position Increased by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 10.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 60,831 shares of the financial services provider’s stock after purchasing an additional 5,681 shares during the period. Stifel Financial Corp’s holdings in Royce Micro-Cap Trust were worth $593,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stephens Inc. AR purchased a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth about $124,000. Revolve Wealth Partners LLC bought a new stake in shares of Royce Micro-Cap Trust in the 4th quarter valued at approximately $148,000. Jaffetilchin Investment Partners LLC increased its holdings in Royce Micro-Cap Trust by 12.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,418 shares of the financial services provider’s stock worth $150,000 after buying an additional 1,714 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in 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 acquiring an additional 10,812 shares in the last quarter. Finally, DKM Wealth Management Inc. bought a new position in Royce Micro-Cap Trust during the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Insider Buying and Selling

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 9,160 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $7.87, for a total transaction of $72,089.20. Following the transaction, the insider now directly owns 961,782 shares in the company, valued at $7,569,224.34. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 102,389 shares of company stock worth $929,822. Corporate insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Price Performance

RMT stock opened at $8.42 on Monday. The firm has a 50 day moving average of $8.25 and a two-hundred day moving average of $9.31. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.25 and a 12 month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 13th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 9.03%. The ex-dividend date of this dividend was Thursday, March 13th.

Royce Micro-Cap Trust Company 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.