Welcome to our dedicated page for Royce Micro Cap Trust news (Ticker: RMT), a resource for investors and traders seeking the latest updates and insights on Royce Micro Cap Trust stock.
Royce Micro-Cap Trust, Inc. (RMT) is a diversified closed-end investment company specializing in micro-cap securities. Established to achieve long-term capital growth, the company focuses on investing in equity securities of companies with market capitalizations of $750 million or less at the time of investment. RMT's investment approach spans multiple sectors, including consumer discretionary, consumer staples, energy, healthcare, financials, industrials, IT, telecommunications, and materials.
The company is managed by Royce & Associates, a renowned small-cap specialist with deep expertise in the sector. Royce & Associates offers distinct investment approaches tailored to meet various investor goals. RMT's strategy involves high diversification across multiple industries, which helps mitigate risks associated with investing in smaller companies.
RMT has consistently demonstrated its commitment to its shareholders through regular distributions. For instance, the fund has declared quarterly distributions, which are optionally payable in additional shares of Common Stock or in cash based on specific stockholder elections. Recent distributions include $0.17 per share in both September 2023 and March 2024, and $0.18 per share in June 2024. These distributions are part of the fund's policy of paying quarterly distributions at an annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs).
It’s important to note that a portion of these distributions may be a return of capital, depending on the fund's income and net realized capital gains. This return may return some or all of the money that investors have put into the fund, which does not necessarily reflect the fund's investment performance.
Royce Micro-Cap Trust maintains a strong emphasis on transparency and shareholder communication. The fund provides detailed information on its performance and distributions, helping investors make informed decisions. For example, the fund reports on key metrics such as Average Annual Total Return in relation to NAV, Cumulative Total Return, and Annualized Current Distribution Rate.
Overall, RMT represents a unique investment opportunity for those looking to capitalize on the growth potential of micro-cap companies while benefiting from a diversified portfolio managed by seasoned experts. The fund's consistent performance and strategic distributions make it a compelling choice for long-term investors.
Royce Micro-Cap Trust (NYSE: RMT) reported its performance metrics as of December 31, 2024, with a NAV of $10.98 and market price of $9.75. The fund demonstrated strong performance with a one-year total return of 13.47% (NAV) and 14.17% (market), while maintaining average weekly trading volume of approximately 603,476 shares.
The fund's portfolio, valued at $566.8M in net assets, focuses on companies with market capitalizations under $1 billion. Key portfolio metrics include an average market cap of $769.1M and a weighted average P/B ratio of 2.1x. The fund's top sectors are Information Technology (23.9%), Industrials (22.4%), and Financials (16.3%). The largest individual positions include Transcat and Richardson Electronics, each at 1.7% of net assets.
Royce Micro-Cap Trust (NYSE: RMT) reported strong performance figures as of November 30, 2024, with a notable one-year total return of 32.77% (NAV) and 31.23% (Market). The fund, which manages $603.1M in net assets, focuses on companies with market capitalizations under $1 billion.
The fund's portfolio shows significant sector diversification with Information Technology and Industrials leading at 23.3% each, followed by Financials (16.1%), Health Care (11.8%), and Consumer Discretionary (5.7%). The top holding is Transcat at 1.8% of net assets, with an average market cap of $854.6M across the portfolio.
Trading volume averages approximately 529,390 shares weekly, with recent NAV at $11.80 and market price at $10.32.
Royce Micro-Cap Trust (NYSE-RMT) has announced a fourth quarter distribution of $0.21 per share on its Common Stock, payable on December 23, 2024. The distribution follows the Fund's policy of quarterly payments at an annual rate of 7% of the rolling average of prior four quarter-end NAVs. The Fund's performance metrics show a 14.13% average annual total return over the five-year period and a 19.30% cumulative total return for the fiscal year through November 30, 2024. The distribution comprises 4% from net investment income, 13% from short-term gains, 83% from long-term gains, and a minimal return of capital.
Royce Micro-Cap Trust (NYSE: RMT) reported its performance metrics as of October 31, 2024. The fund, which focuses on companies with market capitalizations under $1 billion, showed a year-to-date return of 7.17% (NAV) and 6.77% (Market). The fund's one-year returns were notably strong at 28.75% (NAV) and 29.44% (Market). With average weekly trading volume of 355,643 shares, the fund closed at a NAV of $10.60 and market price of $9.32.
The fund's portfolio metrics include an average market cap of $777.4M, weighted P/B ratio of 2.0x, and net assets of $542.0M. Top sectors include Information Technology (23.8%), Industrials (22.8%), and Financials (15.7%).
Royce Micro-Cap Trust (NYSE: RMT) reported its performance metrics as of September 30, 2024. The fund, which invests in companies with market capitalizations of $1 billion or less, showed a year-to-date return of 9.60% (NAV) and 10.10% (Market). The one-year returns were notably strong at 23.38% (NAV) and 25.89% (Market). The fund's portfolio has an average market cap of $845.7M and net assets of $554.4M. The top sectors include Information Technology (24.4%), Industrials (22.6%), and Financials (14.8%). Transcat leads the top holdings at 3.2% of net assets. The fund maintains an average weekly trading volume of approximately 447,619 shares.
Royce Micro-Cap Trust (NYSE: RMT) reported its performance as of August 31, 2024. The fund, which invests in companies with market caps of $1 billion or less, had a Net Asset Value (NAV) of $11.12 and a market price of $9.79. RMT's year-to-date returns were 10.35% (NAV) and 10.08% (market), with one-year returns of 17.58% (NAV) and 18.39% (market).
The fund's portfolio diagnostics showed an average market cap of $864.9M and net assets of $563.6M. Top sectors included Information Technology (24.3%), Industrials (21.5%), and Financials (14.8%). The fund's adviser boasts over 50 years of small- and micro-cap investment experience.
Investors should note that investing in micro-cap companies may involve higher risks compared to larger-cap companies. Daily NAVs are available on the fund's website and through most ticker symbol lookup services under XOTCX.
Royce Micro-Cap Trust (NYSE: RMT) has declared a quarterly distribution of $0.18 per share on its Common Stock, payable on September 23, 2024. The distribution can be received in additional shares or cash. RMT's Distribution Policy aims to pay quarterly distributions at an annual rate of 7% of the rolling average of prior four quarter-end NAVs. The Fund estimates that part of the distribution may be a return of capital. For the current distribution, 22% comes from short-term gains, 68% from long-term gains, and 10% is return of capital. RMT's 5-year average annual total return is 13.90%, with a current annualized distribution rate of 6.47%.
Royce Micro-Cap Trust (NYSE: RMT) reported its performance as of July 31, 2024. The fund, which invests primarily in companies with market caps of $1 billion or less, showed strong returns across various time frames. Key highlights include:
- Net Asset Value (NAV): $11.19
- Market Price: $9.93
- One-Year Total Return: 16.06% (NAV), 16.83% (Market)
- Five-Year Average Annual Return: 12.92% (NAV), 13.05% (Market)
- Net Assets: $567.4M
- Average Market Cap of Holdings: $840.2M
The fund's top sectors include Information Technology (23.5%), Industrials (21.8%), and Financials (15.6%). Transcat is the largest holding at 3.0% of net assets. The fund's adviser boasts over 50 years of small- and micro-cap investment experience.
Royce Micro-Cap Trust (NYSE: RMT) reported its performance as of June 30, 2024. The fund, which invests in companies with market caps of $1 billion or less, had a Net Asset Value (NAV) of $10.56 and a market price of $9.19. RMT's year-to-date returns were 4.79% (NAV) and 3.34% (market), with one-year returns of 14.79% (NAV) and 14.05% (market). The fund's net assets totaled $535.4 million, with an average market cap of $816.2 million. Top sectors included Information Technology (24.4%), Industrials (21.5%), and Financials (15.4%). The fund's adviser boasts over 50 years of small- and micro-cap investment experience. Investors should note that micro-cap investing may involve considerable risk compared to larger-cap companies.
Royce Micro-Cap Trust (NYSE: RMT) reported substantial annual performance as of May 31, 2024. The fund's Net Asset Value (NAV) was $11.13, while the market price was $9.69. The average annual total return for one year was 28.01% for NAV and 28.77% for market price. The portfolio's average market cap was $834.9M with net assets totaling $558.3M. Key sectors included Information Technology, Industrials, and Financials. The top holdings were Transcat, Aspen Aerogels, and Sprott, among others. The advisor boasts over 50 years of micro-cap investment experience. Despite strong performance, potential investors should consider the inherent risks of micro-cap investments and market fluctuations.
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