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RMT 
Royce Micro Cap Closed Fund (RMT)
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Upturn Advisory Summary
12/19/2025: RMT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 6.94% | Avg. Invested days 51 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/19/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 464.75M USD | Price to earnings Ratio 7.05 | 1Y Target Price - |
Price to earnings Ratio 7.05 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.23 | 52 Weeks Range 7.11 - 9.83 | Updated Date 06/29/2025 |
52 Weeks Range 7.11 - 9.83 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 8.29% | Basic EPS (TTM) 1.3 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1028.97% | Operating Margin (TTM) 4.1% |
Management Effectiveness
Return on Assets (TTM) -0.01% | Return on Equity (TTM) 12.13% |
Valuation
Trailing PE 7.05 | Forward PE - | Enterprise Value 475341504 | Price to Sales(TTM) 72.52 |
Enterprise Value 475341504 | Price to Sales(TTM) 72.52 | ||
Enterprise Value to Revenue 6.97 | Enterprise Value to EBITDA - | Shares Outstanding 50682100 | Shares Floating - |
Shares Outstanding 50682100 | Shares Floating - | ||
Percent Insiders 0.18 | Percent Institutions 32.2 |
Upturn AI SWOT
Royce Micro Cap Closed Fund
Company Overview
History and Background
The Royce Micro-Cap Fund (Royce) was established in 1985. It is a closed-end fund focused on investing in micro-capitalization companies, generally those with market capitalizations below $500 million at the time of investment. The fund aims for long-term capital appreciation by investing in undervalued companies with the potential for significant growth. Over the years, Royce has developed a reputation for its expertise in small-cap and micro-cap investing.
Core Business Areas
- Investment Management: The primary business of Royce Micro Cap Closed Fund is managing investment portfolios focused on micro-capitalization equities. This involves in-depth fundamental research, stock selection, and portfolio construction to achieve capital appreciation.
Leadership and Structure
Royce Investment Partners, the investment advisor to the fund, is led by a team of experienced investment professionals. Specific details on the current leadership team for the Royce Micro Cap Closed Fund are best found on the Royce Investment Partners website or in their official SEC filings.
Top Products and Market Share
Key Offerings
- Royce Micro-Cap Fund (Class A): This is the primary investment product offered by Royce, aiming for capital appreciation by investing in micro-cap companies. Market share data for individual closed-end funds is not typically disclosed in a comparable way to publicly traded companies. Competitors include other closed-end funds and actively managed mutual funds with a micro-cap focus.
Market Dynamics
Industry Overview
The micro-cap segment of the stock market is characterized by a large number of smaller companies, often with higher growth potential but also higher risk and volatility compared to larger-cap stocks. This segment is less covered by analysts and can offer opportunities for skilled active managers to find mispriced securities. The industry is dynamic and influenced by macroeconomic factors, investor sentiment, and overall market liquidity.
Positioning
Royce Micro Cap Closed Fund is positioned as a specialist in the micro-cap space, leveraging its long history and dedicated research team to identify investment opportunities. Its competitive advantage lies in its focused strategy and the potential for identifying undiscovered growth companies before they become widely recognized.
Total Addressable Market (TAM)
The TAM for micro-cap equities is substantial, representing thousands of publicly traded companies globally. Royce Micro Cap Closed Fund aims to capture a portion of this market by identifying and investing in the most promising micro-cap companies, seeking to outperform the broader micro-cap universe.
Upturn SWOT Analysis
Strengths
- Deep expertise and long history in micro-cap investing.
- Dedicated research team focused on fundamental analysis of small companies.
- Potential for significant alpha generation through identifying undervalued securities.
- Closed-end structure can allow for long-term investment horizon without redemption pressures.
Weaknesses
- Higher risk and volatility associated with micro-cap investments.
- Limited liquidity for some micro-cap stocks can impact trading.
- Closed-end structure can lead to trading at a discount or premium to Net Asset Value (NAV).
- Performance can be highly dependent on specific stock selections.
Opportunities
- Emerging technologies and industries creating new micro-cap opportunities.
- Market inefficiencies in the micro-cap space offering potential for mispriced assets.
- Increased investor interest in diversified small-cap exposure.
- Potential for strategic acquisitions or partnerships among micro-cap companies.
Threats
- Economic downturns impacting smaller, less established companies more severely.
- Increased competition from other small-cap and micro-cap funds.
- Regulatory changes affecting small businesses.
- Interest rate hikes impacting growth company valuations.
Competitors and Market Share
Key Competitors
- Small Cap World Fund Inc (FYW)
- Aberdeen Australia Equity Fund Inc (IAF)
- Aberdeen Japan Equity Fund Inc (JEQ)
Competitive Landscape
Royce competes in a niche but crowded market of specialized equity funds. Its advantages lie in its focused micro-cap strategy and dedicated research. Disadvantages may arise from its closed-end structure, which can lead to discount/premium pricing not reflective of underlying value, and the inherent risks of micro-cap investing.
Growth Trajectory and Initiatives
Historical Growth: The historical growth of the Royce Micro Cap Closed Fund is tied to the performance of its underlying micro-cap investments and the management's ability to select winning stocks. Past performance is indicative but not guaranteed.
Future Projections: Future growth projections for a closed-end fund are difficult to provide as they depend heavily on market conditions and the fund's investment strategy. Analyst projections for individual micro-cap stocks held by the fund would be more relevant.
Recent Initiatives: Recent initiatives would likely focus on portfolio rebalancing, adapting to market changes, and enhancing shareholder value through active management.
Summary
Royce Micro Cap Closed Fund is a specialized investment vehicle with a strong historical focus on micro-cap equities. Its strengths lie in its dedicated research team and expertise in this niche, offering potential for significant capital appreciation. However, it faces inherent risks associated with micro-cap volatility and the potential for closed-end fund discounts. The fund's success hinges on its ability to consistently identify and capitalize on undervalued opportunities in a dynamic market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Royce Investment Partners official filings and website
- Financial data providers (e.g., Morningstar, Bloomberg, SEC EDGAR)
Disclaimers:
This JSON output is generated based on publicly available information and AI analysis. It is not financial advice. Investment decisions should be made after consulting with a qualified financial advisor and conducting thorough due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Royce Micro Cap Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 1993-12-15 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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. The fund benchmarks the performance of its portfolios against Russell 2000 Index. Royce Micro-Cap Trust, Inc was formed on December 14, 1993 and is domiciled in the United States.
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