Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Royce Micro-Cap Trust's shares outstanding for the quarter that ended in Dec. 2025 was 53.48 Mil.
Royce Micro-Cap Trust's quarterly shares outstanding
increased
from Jun. 2025 (52.59 Mil) to Dec. 2025 (53.48 Mil).
It means Royce Micro-Cap Trustissued new shares from Jun. 2025 to Dec. 2025 .
Royce Micro-Cap Trust's annual shares outstanding
increased
from Dec. 2024 (50.68 Mil) to Dec. 2025 (53.48 Mil).
It means Royce Micro-Cap Trustissued new shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Royce Micro-Cap Trust Shares Outstanding (EOP) Related Terms
Royce Micro-Cap Trust Shares Outstanding (EOP) Historical Data
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The historical data trend for Royce Micro-Cap Trust's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RMT vs CGBD, NIE, NMFC: Shares Outstanding (EOP) Comparison
For the Asset Management subindustry, Royce Micro-Cap Trust's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Royce Micro-Cap Trust Shares Outstanding (EOP) vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 53.48 Mil mean?
Royce Micro-Cap Trust (RMT) has a Shares Outstanding (EOP) of 53.48 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Royce Micro-Cap Trust and its competitors.
Is Royce Micro-Cap Trust's Shares Outstanding (EOP) too high?
Royce Micro-Cap Trust's current Shares Outstanding (EOP) is 53.48 Mil. Overall, Royce Micro-Cap Trust has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Micro-Cap Trust's Shares Outstanding (EOP) compare to CGBD and NIE?
Royce Micro-Cap Trust's Shares Outstanding (EOP) of 53.48 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Asset Management company?
A good Shares Outstanding (EOP) depends on the Asset Management industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Royce Micro-Cap Trust and its competitors. Royce Micro-Cap Trust's current Shares Outstanding (EOP) is 53.48 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Micro-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Micro-Cap Trust (RMT) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.44, compared to a current price of $14.12 — trading 35.2% above its estimated fair value. The current Shares Outstanding (EOP) is 53.48 Mil. Royce Micro-Cap Trust's overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current Shares Outstanding (EOP) is 53.48 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royce Micro-Cap Trust (RMT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Micro-Cap Trust stock appears to be overvalued.
The current stock price of $14.12 is trading 35.2% above its estimated GF Value™ of $10.44.
GuruFocus considers Royce Micro-Cap Trust to be Significantly Overvalued.
Key valuation signals for RMT:
Shares Outstanding (EOP): 53.48 Mil
GF Value™: $10.44 vs. price of $14.12 (35.2% above fair value)
No single metric tells the full story. See the RMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector, including diversified consumer services, hotels, household durables, leisure products, and luxury goods. Consumer staples sector, including beverages, food, and staples retailing, food products, and personal products, Energy sector, including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors, including healthcare, financials, industrials, IT, telecommunications, and materials.
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