Diversify Wealth Management LLC Buys Shares of 64,652 Royce Otc Micro $RMT

Diversify Wealth Management LLC purchased a new position in shares of Royce Otc Micro (NYSE:RMT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,652 shares of the financial services provider’s stock, valued at approximately $731,000.

Other institutional investors also recently modified their holdings of the company. Saba Capital Management L.P. raised its holdings in Royce Otc Micro by 85.7% in the 4th quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock valued at $27,274,000 after acquiring an additional 1,206,828 shares during the period. UBS Group AG increased its position in Royce Otc Micro by 1.2% in the 3rd quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock valued at $10,846,000 after acquiring an additional 12,378 shares during the period. LPL Financial LLC raised its position in shares of Royce Otc Micro by 26.2% during the fourth quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock worth $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Royce Otc Micro by 4.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,002,939 shares of the financial services provider’s stock valued at $10,461,000 after buying an additional 39,186 shares during the period. Finally, Alexander Randolph Advisory Inc. grew its stake in Royce Otc Micro by 1.9% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider’s stock worth $10,102,000 after purchasing an additional 18,353 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royce Otc Micro

In other news, insider John E. Denneen acquired 4,000 shares of the stock in a transaction that occurred on 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 purchase, the insider owned 12,232 shares of the company’s stock, valued at approximately $167,578.40. The trade was a 48.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Royce Otc Micro Trading Down 1.5%

Shares of NYSE RMT opened at $13.94 on Friday. Royce Otc Micro has a 1-year low of $9.13 and a 1-year high of $14.78. The firm’s 50-day moving average price is $13.92 and its 200-day moving average price is $12.60.

Royce Otc Micro Increases Dividend

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

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.