Royce Otc Micro (NYSE:RMT) Insider John Denneen Acquires 4,000 Shares of Stock

Royce Otc Micro (NYSE:RMT) insider John Denneen bought 4,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $13.70 per share, with a total value of $54,800.00. Following the completion of the purchase, the insider directly owned 12,232 shares in the company, valued at approximately $167,578.40. The trade was a 48.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Royce Otc Micro Stock Up 0.3%

NYSE RMT opened at $13.78 on Tuesday. The firm’s 50-day moving average is $13.06 and its two-hundred day moving average is $11.87. Royce Otc Micro has a 12 month low of $8.66 and a 12 month high of $14.30.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 11th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.1%. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 11th.

Institutional Investors Weigh In On Royce Otc Micro

Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC boosted its holdings in Royce Otc Micro by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider’s stock worth $248,000 after buying an additional 897 shares in the last quarter. Guggenheim Capital LLC boosted its position in Royce Otc Micro by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 926 shares during the last quarter. Sapient Capital LLC grew its position in shares of Royce Otc Micro by 2.3% in the fourth quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 1,068 shares during the period. Diversify Advisory Services LLC grew its holdings in Royce Otc Micro by 1.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 65,302 shares of the financial services provider’s stock valued at $686,000 after buying an additional 1,231 shares during the period. Finally, First Trust Advisors LP increased its position in Royce Otc Micro by 2.6% during the fourth quarter. First Trust Advisors LP now owns 52,271 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 1,328 shares during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.