Jaffetilchin Investment Partners LLC Purchases 7,695 Shares of Royce Otc Micro $RMT

Jaffetilchin Investment Partners LLC increased its position in Royce Otc Micro (NYSE:RMT) by 67.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,182 shares of the financial services provider’s stock after purchasing an additional 7,695 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Royce Otc Micro were worth $177,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Traub Capital Management LLC bought a new position in shares of Royce Otc Micro in the 2nd quarter valued at about $306,000. Verus Capital Partners LLC acquired a new position in Royce Otc Micro in the second quarter valued at approximately $107,000. Roberts Glore & Co. Inc. IL boosted its stake in Royce Otc Micro by 2.3% in the second quarter. Roberts Glore & Co. Inc. IL now owns 89,045 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 1,971 shares during the last quarter. Shaker Financial Services LLC grew its holdings in Royce Otc Micro by 12.6% during the 2nd quarter. Shaker Financial Services LLC now owns 1,021,723 shares of the financial services provider’s stock worth $9,451,000 after acquiring an additional 114,526 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in Royce Otc Micro by 28.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 492,646 shares of the financial services provider’s stock worth $4,557,000 after acquiring an additional 108,516 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Otc Micro Trading Up 3.0%

Shares of Royce Otc Micro stock opened at $10.21 on Wednesday. The firm has a fifty day moving average of $10.32 and a two-hundred day moving average of $9.74. Royce Otc Micro has a 52 week low of $7.25 and a 52 week high of $10.88.

Royce Otc Micro Dividend Announcement

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

Insiders Place Their Bets

In other Royce Otc Micro news, insider Charles M. Royce sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the transaction, the insider owned 596,926 shares in the company, valued at approximately $6,130,430.02. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Royce Otc Micro Company Profile

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.