International Assets Investment Management LLC Raises Stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

International Assets Investment Management LLC boosted its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 846.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,186 shares of the financial services provider’s stock after buying an additional 20,737 shares during the period. International Assets Investment Management LLC’s holdings in Royce Micro-Cap Trust were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Advisor Resource Council purchased a new stake in Royce Micro-Cap Trust in the fourth quarter valued at approximately $261,000. Raymond James Financial Services Advisors Inc. boosted its position in Royce Micro-Cap Trust by 5.5% in 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 purchasing an additional 1,591 shares in the last quarter. Wolverine Asset Management LLC boosted its position in Royce Micro-Cap Trust by 19.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 37,600 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 6,223 shares in the last quarter. WealthShield Partners LLC boosted its position in Royce Micro-Cap Trust by 3.0% in the 4th quarter. WealthShield Partners LLC now owns 44,228 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 1,307 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Royce Micro-Cap Trust by 2.3% in the 3rd quarter. Moors & Cabot Inc. now owns 102,929 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 2,284 shares in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insiders Place Their Bets

In related news, President Christopher D. Clark acquired 5,000 shares of the stock in a transaction on Thursday, March 21st. The shares were acquired at an average price of $9.24 per share, for a total transaction of $46,200.00. Following the transaction, the president now owns 45,945 shares in the company, valued at approximately $424,531.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Royce Micro-Cap Trust stock opened at $8.89 on Friday. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.67 and a 12 month high of $9.51. The stock’s 50 day simple moving average is $9.14 and its two-hundred day simple moving average is $8.81.

Royce Micro-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $0.17 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.68 annualized dividend and a yield of 7.65%.

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.