Royce Otc Micro (NYSE:RMT) Stock: Insider Christopher Clark Buys 1,000 Shares

Royce Otc Micro (NYSE:RMT) President Christopher Clark bought 1,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $13.40 per share, with a total value of $13,400.00. Following the transaction, the president directly owned 76,624 shares of the company’s stock, valued at approximately $1,026,761.60. This trade represents a 1.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Royce Otc Micro Trading Down 0.2%

Shares of RMT traded down $0.03 during mid-day trading on Thursday, reaching $13.41. 66,034 shares of the company’s stock traded hands, compared to its average volume of 133,029. The stock’s 50-day moving average is $13.85 and its two-hundred day moving average is $13.46. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were given a $0.23 dividend. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.92 annualized dividend and a yield of 6.9%.

Institutional Trading of Royce Otc Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hara Capital LLC bought a new position in shares of Royce Otc Micro in the second quarter worth about $33,000. Closed End Fund Advisors Inc. bought a new stake in Royce Otc Micro during the 4th quarter valued at about $144,000. Kestra Advisory Services LLC boosted its position in Royce Otc Micro by 354.6% in the 1st quarter. Kestra Advisory Services LLC now owns 17,485 shares of the financial services provider’s stock valued at $198,000 after buying an additional 13,639 shares during the period. Susquehanna International Group LLP boosted its position in Royce Otc Micro by 20.4% in the 2nd quarter. Susquehanna International Group LLP now owns 15,473 shares of the financial services provider’s stock valued at $227,000 after buying an additional 2,621 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in Royce Otc Micro by 13.7% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Company Profile

Royce Micro-Cap Trust, Inc (NYSE:RMT) is a publicly traded closed-end investment company focused on investing in micro-cap stocks. Rather than operating businesses or selling products directly, the fund provides investors with access to a professionally managed portfolio of smaller publicly traded companies.

The trust primarily invests in U.S. micro-cap equities, with portfolio holdings selected through fundamental research and a long-term investment approach. Its strategy generally emphasizes companies that the investment adviser believes have attractive business prospects, strong financial characteristics, or the potential for improved performance over time.

Royce Micro-Cap Trust is managed by Royce Investment Partners, an investment firm specializing in small-cap and micro-cap equities.