Logan Stone Capital LLC Grows Holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Logan Stone Capital LLC raised its position in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 181.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,912 shares of the financial services provider’s stock after buying an additional 59,288 shares during the period. Logan Stone Capital LLC’s holdings in Royce Micro-Cap Trust were worth $896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RMT. Hennion & Walsh Asset Management Inc. purchased a new position in Royce Micro-Cap Trust in the fourth quarter valued at $283,000. Flagship Harbor Advisors LLC increased its holdings in Royce Micro-Cap Trust by 7.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider’s stock valued at $5,337,000 after buying an additional 40,267 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Royce Micro-Cap Trust in the fourth quarter valued at $148,000. Calamos Advisors LLC grew its position in shares of Royce Micro-Cap Trust by 146.5% in the fourth quarter. Calamos Advisors LLC now owns 36,395 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 21,629 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of Royce Micro-Cap Trust in the fourth quarter valued at about $124,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Insider Activity

In other news, insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.97, for a total value of $498,500.00. Following the sale, the insider now owns 1,070,942 shares in the company, valued at $10,677,291.74. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 102,389 shares of company stock worth $929,822 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Royce Micro-Cap Trust Trading Up 0.5%

Shares of NYSE RMT opened at $8.42 on Monday. The company’s 50-day simple moving average is $8.25 and its 200-day simple moving average is $9.31. Royce Micro-Cap Trust, Inc. has a 52-week low of $7.25 and a 52-week high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

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

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.