Readystate Asset Management LP Sells 95,848 Shares of Royce Otc Micro $RMT

Readystate Asset Management LP reduced its position in Royce Otc Micro (NYSE:RMT) by 72.8% during the third quarter, HoldingsChannel reports. The firm owned 35,863 shares of the financial services provider’s stock after selling 95,848 shares during the period. Readystate Asset Management LP’s holdings in Royce Otc Micro were worth $373,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in Royce Otc Micro in the fourth quarter worth $148,000. Royal Bank of Canada increased its position in shares of Royce Otc Micro by 5.2% during the first quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider’s stock worth $1,753,000 after acquiring an additional 10,290 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Royce Otc Micro by 9.6% in the first quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,675 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Royce Otc Micro by 28.2% during the second quarter. Wolverine Asset Management LLC now owns 492,646 shares of the financial services provider’s stock worth $4,557,000 after buying an additional 108,516 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in Royce Otc Micro by 12.6% during the 2nd quarter. Shaker Financial Services LLC now owns 1,021,723 shares of the financial services provider’s stock worth $9,451,000 after acquiring an additional 114,526 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

Royce Otc Micro Price Performance

RMT opened at $12.08 on Thursday. Royce Otc Micro has a fifty-two week low of $7.25 and a fifty-two week high of $12.17. The company’s 50-day moving average is $11.21 and its 200 day moving average is $10.56.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were issued a $0.24 dividend. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.96 annualized dividend and a yield of 7.9%.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.