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

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

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, December 12th. This is an increase from Royce Micro Capital Trust’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 10.17%.

A number of hedge funds and other institutional investors have recently made changes to their positions in RMT. Janney Montgomery Scott LLC purchased a new stake in Royce Micro Capital Trust during the second quarter worth $187,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Royce Micro Capital Trust by 20.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 48,030 shares of the financial services provider’s stock worth $480,000 after buying an additional 8,133 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Royce Micro Capital Trust by 64.5% during the second quarter. Wells Fargo & Company MN now owns 841,432 shares of the financial services provider’s stock worth $8,406,000 after buying an additional 329,799 shares in the last quarter. First Trust Advisors LP boosted its holdings in Royce Micro Capital Trust by 15.2% during the second quarter. First Trust Advisors LP now owns 56,963 shares of the financial services provider’s stock worth $569,000 after buying an additional 7,512 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Royce Micro Capital Trust by 12.2% during the second quarter. D.A. Davidson & CO. now owns 45,499 shares of the financial services provider’s stock worth $455,000 after buying an additional 4,931 shares in the last quarter. 22.71% of the stock is currently 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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