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Royce Micro-Cap Trust, Inc. (RMT)

NYSE - NYSE Delayed price. Currency in USD
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8.99-0.13 (-1.43%)
As of 04:00PM EDT. Market open.
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  • Y
    Yahoo Finance Insights
    Royce Micro-Cap Trust reached a 52 Week low at 9.11
  • M
    Mitchell
    When valuing a business development company(BDC) they use book value as an NAV. BDC's are like mutual funds in that they invest in a portfolio of companies. If you value your closed end fund that way you can see how RMT is still a very good value. Book value is $404M while the market cap is $276M so while the fund sells at a nice 14% discount to NAV it sells at an even bigger 42% discount to book value.

    Historically this is not an investment for capital appreciation unless you are adept enough to buy on dips and sell on peaks. As a buy and hold investment all your return will come from the distribution. Because micro cap stocks have under performed over the last 5 years and because of these discounts RMT is a great buy now but also a solid core position for any closed end portfolio.
  • M
    Michael
    With the continued popularity of this market segment its possible that this fund might go premium. Currently it trades at bout a 15 % discount to NAV.
  • i
    iq
    Canoo Holdings Ltd.
    Jennifer, NEHAL, Shogunshiva, Digitcipher, Jay, @1000% and other friends, where are you guys!! Happy holidays. wishing you all the best for 2021 💐 🌹 🌸 🏵 🌼 💐

    $RMT $BFT $QS $GOEV $NBAC $FSR $PLUG
  • M
    Mitchell
    Anybody put off that the current yield is below 5.5%? Historically the yield has been around 8% which is a major selling point for funds like this.

    The reason is the good performance in the stock price and less leverage. RMT is now selling close to book value. Also the Royce funds have much less leverage than in the past. Right now RMT is leveraged at 6% I would love to see that number double.

    RMT is a special fund because no fund in the CEF universe invests in the smallest companies. RVT is the only other true small cap CEF. To have an aggressive micro cap fund with high yields is very attractive and the historical performance has been good.
  • Y
    Yahoo Finance Insights
    RMT is up 5.06% to 9.97
  • M
    Mitchell
    Fund still looks like a solid buy. Yield is now up to 7% and the discount is 12%. Price to book is just.85.

    Given it is the only fund in this space, only one of 2 real small cap CEFs it should sell around NAV. Solid record of performance and distribution.
  • j
    john
    top 10 holdings?
  • M
    Mitchell
    FYI both RMT and RVT have outperformed the Russell 2000 in the last month. Both are up about 24% since the election and vsmax which we own in retirement accounts is up about 15%.

    The only issue is the yield. Historically the yield for these funds is 8-8.5% and it is now just 6% in part due to the price appreciation.

    I really recommend both RMT and RVT and if you do not absolutely need the income reinvest those dividends for a solid long term performance. Remember these are the only 2 true small cap closed end funds. FUND is a mid cap fund and ASG is a multicap with a mid cap average but these 2 Royce funds are true well managed small caps.
  • m
    mike s
    got in here - I know many are saying the small-cap run is over, but I like the fund (along with some other CEF's) so I went ahead and picked up some shares...
  • R
    Reed
    This looks like a good call.
  • Y
    Yahoo Finance Insights
    Royce Micro-Cap Trust reached a 52 Week high at 9.80
  • Y
    Yahoo Finance Insights
    Royce Micro-Cap Trust reached a 52 Week high at 9.44
  • Y
    Yahoo Finance Insights
    RMT is up 6.00% to 5.37
  • W
    Willa
    RVT looks very good, here. Low p.e., good distributions, good discount. It holds the type of stocks larger corporations in their
    fields like to buy out.
  • Y
    Yahoo Finance Insights
    RMT reached a new 52 Week Low at $8.32
  • Y
    Yahoo Finance Insights
    RMT reached a 52 Week low at $7.32
  • Y
    Yahoo Finance Insights
    RMT reached a 52 Week low at $7.45
  • Y
    Yahoo Finance Insights
    RMT reached a 52 Week low at $7.93
  • Y
    Yahoo Finance Insights
    Royce Micro-Cap Trust reached a 52 Week high at 9.30