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Upturn AI Summary - About
Royce Micro Cap Closed Fund(RMT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for RMT
10/20/2026: RMT (2-star) is currently NOT-A-BUY. Pass it for now.
Royce Micro Cap Closed Fund (RMT) is a closed-end investment fund providing active, value-oriented exposure to U.S. micro-cap equities. Managed by Royce Investment Partners, the fund has a leading position in the small-cap niche, aiming to uncover growth opportunities in companies that are often overlooked by larger market participants. While the fund offers potential for significant capital appreciation, it faces risks from market volatility, the illiquidity of micro-cap stocks, and potential discounts to its Net Asset Value. This stock is best suited for long-term investors comfortable with higher risk, rather than conservative portfolios. Interested investors should monitor the discount to NAV and the manager's performance relative to small-cap benchmarks.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | It offers exposure to high-growth potential micro-caps but carries significant volatility. |
| Momentum investor | Weak fit | The fund's focus on long-term value and micro-caps is often at odds with short-term momentum strategies. |
| Value investor | Strong fit | The manager's fundamental, value-oriented approach aligns well with traditional value-seeking investors. |
| Dividend investor | Mixed fit | Distributions can be attractive, though they are subject to market performance and capital gains fluctuations. |
| Low-risk investor | Weak fit | The micro-cap asset class is inherently high-risk and high-volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Micro-cap stocks are prone to large swings in price due to lower trading volumes and business fragility. |
| Valuation risk | Medium | The fund may trade at a significant discount or premium to its actual net asset value. |
| Competition risk (Passive ETFs) | Medium | Low-cost passive ETFs compete for the same investor capital. |
| Business quality | Medium | Micro-cap companies often have less established business models than large-cap firms. |
| Dividend income | Medium | Distributions are not guaranteed and fluctuate based on portfolio income. |
| Execution risk | Medium | The manager must successfully identify winners in a challenging and inefficient segment of the market. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 43.02% | Avg. Invested days 77 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/20/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 685.52M USD | Price to earnings Ratio 1.79 | 1Y Target Price - |
Price to earnings Ratio 1.79 | 1Y Target Price - | ||
Volume (30-day avg) 98.0K shares | Beta 1.24 | 52 Weeks Range 8.86 - 14.53 | Updated Date 10/20/2026 |
52 Weeks Range 8.86 - 14.53 | Updated Date 10/20/2026 | ||
Dividends yield (FY) 6.52% | Basic EPS (TTM) 7.06 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Management | Active management of a micro-cap portfolio to generate capital appreciation. | The fund earns money by holding small, growing companies that increase in value over time. |
Valuation
Trailing PE 1.79 | Forward PE - | Enterprise Value 715.45M | Price to Sales(TTM) 133.45 |
Enterprise Value 715.45M | Price to Sales(TTM) 133.45 | ||
Enterprise Value to Revenue 2.3 | Enterprise Value to EBITDA - | Shares Outstanding 54.19M | Shares Floating - |
Shares Outstanding 54.19M | Shares Floating - | ||
Percent Insiders 0.23 | Percent Institutions 41.08 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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