Royce Micro Capital Trust (RMT) Hits New 1-Year Low at $8.23

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Royce Micro Capital Trust Inc. (NYSE:RMT)’s share price hit a new 52-week low on Thursday . The company traded as low as $8.23 and last traded at $8.33, with a volume of 6710 shares traded. The stock had previously closed at $8.42.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 10.05%. This is an increase from Royce Micro Capital Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, December 12th.

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Royce Micro Capital Trust by 5.5% during the third quarter. Wells Fargo & Company MN now owns 887,975 shares of the financial services provider’s stock worth $9,066,000 after purchasing an additional 46,543 shares during the period. Morgan Stanley boosted its position in Royce Micro Capital Trust by 2.4% during the third quarter. Morgan Stanley now owns 707,653 shares of the financial services provider’s stock worth $7,225,000 after purchasing an additional 16,327 shares during the period. Advisors Asset Management Inc. boosted its position in Royce Micro Capital Trust by 122.8% during the third quarter. Advisors Asset Management Inc. now owns 385,846 shares of the financial services provider’s stock worth $3,939,000 after purchasing an additional 212,645 shares during the period. Flagship Harbor Advisors LLC boosted its position in Royce Micro Capital Trust by 6.6% during the second quarter. Flagship Harbor Advisors LLC now owns 317,072 shares of the financial services provider’s stock worth $3,167,000 after purchasing an additional 19,576 shares during the period. Finally, Advisory Alpha LLC boosted its position in Royce Micro Capital Trust by 3.8% during the third quarter. Advisory Alpha LLC now owns 257,520 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 9,481 shares during the period. 22.71% of the stock is owned by hedge funds and other institutional investors.

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Royce Micro Capital Trust Company Profile (NYSE:RMT)

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.

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