Mraz Amerine & Associates Inc. Sells 4,758 Shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Mraz Amerine & Associates Inc. decreased its stake in shares of Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 429,670 shares of the financial services provider’s stock after selling 4,758 shares during the period. Royce Micro-Cap Trust accounts for about 0.8% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 19th largest holding. Mraz Amerine & Associates Inc. owned 0.88% of Royce Micro-Cap Trust worth $3,970,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates raised its stake in Royce Micro-Cap Trust by 19.0% in the 1st quarter. Raymond James & Associates now owns 341,595 shares of the financial services provider’s stock worth $3,594,000 after purchasing an additional 54,659 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Royce Micro-Cap Trust by 15.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,890 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 6,664 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Royce Micro-Cap Trust by 63.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,682 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 20,136 shares in the last quarter. Private Advisor Group LLC raised its stake in Royce Micro-Cap Trust by 24.3% in the 1st quarter. Private Advisor Group LLC now owns 70,248 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 13,728 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Royce Micro-Cap Trust by 61.5% in the 1st quarter. NewEdge Advisors LLC now owns 25,223 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 9,602 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Price Performance

Shares of NYSE:RMT traded down $0.07 during midday trading on Wednesday, hitting $8.69. The stock had a trading volume of 128,491 shares, compared to its average volume of 113,658. The company’s 50-day moving average price is $9.22 and its 200-day moving average price is $8.79. Royce Micro-Cap Trust, Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $9.51.

Royce Micro-Cap Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date was Friday, March 8th.

Insider Transactions at Royce Micro-Cap Trust

In other news, President Christopher D. Clark purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of $9.24 per share, with a total value of $46,200.00. Following the acquisition, the president now owns 45,945 shares in the company, valued at approximately $424,531.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.