Royce Micro Capital Trust (RMT) Hits New 12-Month Low at $8.23

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 trading hands. The stock had previously closed at $8.42.

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

Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of Royce Micro Capital Trust in the 2nd quarter valued at $187,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Royce Micro Capital Trust by 20.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 48,030 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 8,133 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Royce Micro Capital Trust by 64.5% in the 2nd quarter. Wells Fargo & Company MN now owns 841,432 shares of the financial services provider’s stock valued at $8,406,000 after purchasing an additional 329,799 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Royce Micro Capital Trust by 15.2% in the 2nd quarter. First Trust Advisors LP now owns 56,963 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 7,512 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Royce Micro Capital Trust by 12.2% in the 2nd quarter. D.A. Davidson & CO. now owns 45,499 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 4,931 shares during the last quarter. 22.71% of the stock is owned by 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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