Charles Royce Sells 200,000 Shares of Royce Otc Micro (NYSE:RMT) Stock

Royce Otc Micro (NYSE:RMT) insider Charles Royce sold 200,000 shares of Royce Otc Micro stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total value of $2,054,000.00. Following the completion of the transaction, the insider directly owned 596,926 shares of the company’s stock, valued at approximately $6,130,430.02. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Royce Otc Micro Price Performance

Shares of RMT opened at $10.13 on Friday. The company’s 50-day simple moving average is $10.38 and its 200-day simple moving average is $9.57. Royce Otc Micro has a 1 year low of $7.25 and a 1 year high of $10.88.

Royce Otc Micro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 12th. This represents a $0.72 dividend on an annualized basis and a yield of 7.1%.

Hedge Funds Weigh In On Royce Otc Micro

Several institutional investors have recently modified their holdings of RMT. Uhlmann Price Securities LLC raised its stake in shares of Royce Otc Micro by 18.7% in the third quarter. Uhlmann Price Securities LLC now owns 83,415 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 13,166 shares in the last quarter. TrueMark Investments LLC purchased a new stake in Royce Otc Micro during the 3rd quarter worth about $1,024,000. Comprehensive Money Management Services LLC raised its position in Royce Otc Micro by 49.8% in the 3rd quarter. Comprehensive Money Management Services LLC now owns 28,910 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 9,605 shares in the last quarter. CX Institutional acquired a new stake in Royce Otc Micro in the 3rd quarter valued at about $33,000. Finally, Spirepoint Private Client LLC purchased a new position in shares of Royce Otc Micro in the 3rd quarter valued at about $400,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.