Royce Micro-Cap Trust, Inc. (NYSE:RMT) Experiences Heavier than Average Trading Volume


Trading volume for Royce Micro-Cap Trust, Inc. was 441K by the end of trading on Thursday. Volume was up 285.89% over the stocks average daily volume.

These firms have also modified their investment in RMT. As of the end of the quarter Flagship Harbor Advisors, LLC had acquired 10,225 shares growing its stake by 4.6%. The value of the investment in RMT went from $1,823,000 to $2,029,000 a change of $206,000 for the reporting period. As of quarter end Fiduciary Counselling Inc had bought a total of 727 shares growing its position 0.7%. The value of the investment in Royce Micro-Cap Trust, Inc. increased from $933,000 to $969,000 a change of 3.9% since the last quarter.

Family Firm, Inc. trimmed its holdings by selling 1,528 shares a decrease of 0.8%. Family Firm, Inc. now holds 195,468 shares valued at $1,691,000. The value of the position overall is up by 2.3%. Deschutes Portfolio Strategy, LLC cut its ownership by shedding 101,854 shares a decrease of 85.7% as of 06/30/2017. Deschutes Portfolio Strategy, LLC controls 17,047 shares worth $147,000. The total value of its holdings decreased 85.3%.

The company is down from yesterday’s close of $8.51. The company also declared a dividend for shareholders paid on Tuesday the 27th of June 2017. The dividend was $0.160 per share for the quarter which is $0.64 annualized. This dividend represents a yield of $7.37. The ex-dividend date was Friday the 9th of June 2017.

The stock is trading at $8.34 marginally under the 50 day moving average which is $8.70 and which is marginally under the 200 day moving average of $8.51. The 50 day moving average moved down $-0.36 and the 200 day average was down $-0.17.

Royce Micro-Cap Trust, Inc. (the Fund), launched on September 9, 1993, is a micro-cap diversified closed-end investment company. The Trust invests primarily in companies with market capitalizations of less than $500 million..