Alexander Randolph Advisory Inc. Takes Position in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Alexander Randolph Advisory Inc. purchased a new stake in Royce Micro-Cap Trust, Inc. (NYSE:RMT) in the fourth quarter, HoldingsChannel reports. The firm purchased 991,297 shares of the financial services provider’s stock, valued at approximately $9,160,000. Royce Micro-Cap Trust makes up approximately 8.3% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 2nd largest position.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of Royce Micro-Cap Trust by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 130,880 shares of the financial services provider’s stock worth $1,084,000 after buying an additional 7,538 shares in the last quarter. Raymond James & Associates grew its stake in shares of Royce Micro-Cap Trust by 1.1% in the third quarter. Raymond James & Associates now owns 298,123 shares of the financial services provider’s stock worth $2,468,000 after purchasing an additional 3,259 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Royce Micro-Cap Trust by 21.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 929,785 shares of the financial services provider’s stock worth $7,699,000 after purchasing an additional 162,579 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Royce Micro-Cap Trust by 1.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 205,692 shares of the financial services provider’s stock valued at $1,703,000 after acquiring an additional 3,819 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its position in Royce Micro-Cap Trust by 83.4% during the third quarter. Shaker Financial Services LLC now owns 261,497 shares of the financial services provider’s stock valued at $2,165,000 after acquiring an additional 118,924 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Royce Micro-Cap Trust Stock Performance

RMT traded up $0.12 during trading on Friday, reaching $8.89. 59,163 shares of the stock traded hands, compared to its average volume of 106,886. The stock’s 50-day moving average is $9.14 and its 200 day moving average is $8.81. 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 disclosed 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. The ex-dividend date was Friday, March 8th. This represents a $0.68 annualized dividend and a dividend 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.