Royce Otc Micro (NYSE:RMT) Short Interest Down 57.4% in August

Royce Otc Micro (NYSE:RMT) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 19,130 shares, a decline of 57.4% from the July 30th total of 44,929 shares. Based on an average trading volume of 113,171 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Insider Transactions at Royce Otc Micro

In other news, insider John E. Denneen acquired 4,000 shares of Royce Otc Micro stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $54,800.00. Following the acquisition, the insider owned 12,232 shares of the company’s stock, valued at $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Royce Otc Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of RMT. Sapient Capital LLC lifted its stake in shares of Royce Otc Micro by 1.5% in the 2nd quarter. Sapient Capital LLC now owns 49,274 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 715 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Royce Otc Micro by 13.7% during the second quarter. Concurrent Investment Advisors LLC now owns 28,571 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 3,448 shares during the period. Susquehanna International Group LLP raised its holdings in Royce Otc Micro by 20.4% during the second quarter. Susquehanna International Group LLP now owns 15,473 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 2,621 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Royce Otc Micro in the second quarter valued at about $453,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Royce Otc Micro in the second quarter valued at about $1,445,000. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Otc Micro Stock Down 0.9%

Shares of NYSE:RMT traded down $0.12 during trading on Friday, hitting $13.98. 81,691 shares of the company were exchanged, compared to its average volume of 97,928. The firm’s 50 day moving average price is $14.12 and its 200-day moving average price is $13.20. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78.

Royce Otc Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.84 annualized dividend and a yield of 6.0%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19.

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.