AI Summary
Royce Micro-Cap Trust (RMT) reported a NAV of $12.91 and market price of $11.49 on January 31, 2026. The fund targets micro-cap investments, delivering a solid one-year return of 25.47% on NAV, indicating strong performance potential in a bullish market for small-cap stocks.
Sentiment Rationale
The strong one-year performance and current NAV indicate potential for future price increases, particularly if market conditions favor small-cap investments.
Trading Thesis
RMT offers upside potential, target market price of $13 within one year.
Market-Moving
- Increased interest in micro-cap investments could boost RMT's share price.
- Improving NAV performance is a positive indicator for potential investors.
- Higher trading volumes often correlate with price appreciation in closed-end funds.
- Sector performance, especially in Industrials, can drive RMT's returns.
Key Facts
- RMT's average weekly trading volume is about 684,629 shares.
- The fund primarily targets micro-cap companies with < $1 billion market cap.
- As of January 31, 2026, RMT's NAV is $12.91 and market price is $11.49.
- Recent performance shows one-year returns of 25.47% for NAV and 26.00% for market.
- Top sector allocations include Industrials (27%), Information Technology (22.1%).
Companies Mentioned
- 5N Plus (5N+): Represents 1.5% of RMT's assets, significant for overall performance.
- Ichor Holdings (ICHR): Accounts for 1.4% of the fund, impacting tech sector exposure.
- Ultra Clean Holdings (UCTT): Also 1.4% of assets, engaged in industries potentially positioned for growth.
- Bel Fuse Cl. B (BELFB): With 1.3%, it diversifies RMT's industrial holdings.
- CECO Environmental (CECO): Represents 1.3%, tying into growing environmental concerns.
Corporate Developments
The data primarily falls under Corporate Developments as it highlights RMT's financial positioning and strategy focus. Its emphasis on micro-cap investments fits well within small-cap growth opportunities currently in focus among investors.