Royce Otc Micro (NYSE:RMT) Reaches New 1-Year High – What’s Next?

Royce Otc Micro (NYSE:RMT)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.66 and last traded at $11.65, with a volume of 102201 shares. The stock had previously closed at $11.42.

Royce Otc Micro Price Performance

The stock has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $10.25.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a $0.24 dividend. The ex-dividend date was Thursday, December 11th. This represents a $0.96 annualized dividend and a dividend yield of 8.2%. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18.

Insider Transactions at Royce Otc Micro

In related news, insider Charles M. Royce sold 200,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the sale, the insider owned 596,926 shares in the company, valued at approximately $6,130,430.02. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RMT. Allspring Global Investments Holdings LLC boosted its position in Royce Otc Micro by 11.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 832,898 shares of the financial services provider’s stock worth $7,704,000 after purchasing an additional 87,000 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Royce Otc Micro in the second quarter valued at approximately $306,000. Wolverine Asset Management LLC raised its stake in shares of Royce Otc Micro by 28.2% during the 2nd 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 during the period. Shaker Financial Services LLC raised its stake in shares of 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 buying an additional 114,526 shares during the period. Finally, Comprehensive Money Management Services LLC lifted its position in shares of Royce Otc Micro by 22.5% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 19,305 shares of the financial services provider’s stock valued at $179,000 after buying an additional 3,550 shares in the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Otc Micro Company Profile

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.