Sapient Capital LLC Acquires New Stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Sapient Capital LLC bought a new position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,680 shares of the financial services provider’s stock, valued at approximately $792,000. Sapient Capital LLC owned about 0.18% of Royce Micro-Cap Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in 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 valued at $214,000 after purchasing an additional 20,737 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Royce Micro-Cap Trust in the 4th quarter worth $261,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of 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 raised its stake in shares of Royce Micro-Cap Trust by 19.8% in the third 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 during the last quarter. Finally, WealthShield Partners LLC lifted its holdings in shares of Royce Micro-Cap Trust by 3.0% during the fourth quarter. WealthShield Partners LLC now owns 44,228 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 1,307 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, President Christopher D. Clark purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $9.24 per share, for a total transaction of $46,200.00. Following the purchase, the president now directly owns 45,945 shares in the company, valued at approximately $424,531.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Royce Micro-Cap Trust Price Performance

NYSE RMT traded up $0.09 during trading hours on Friday, hitting $9.14. The company’s stock had a trading volume of 72,793 shares, compared to its average volume of 95,245. The company’s 50 day simple moving average is $9.11 and its two-hundred day simple moving average is $8.84. Royce Micro-Cap Trust, Inc. has a 12 month low of $7.67 and a 12 month high of $9.51.

Royce Micro-Cap Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.44%. The ex-dividend date was Friday, March 8th.

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.