Royce Otc Micro (NYSE:RMT) President Christopher Clark Purchases 6,500 Shares

Royce Otc Micro (NYSE:RMT) President Christopher Clark bought 6,500 shares of the business’s stock in a transaction on Sunday, March 24th. The shares were acquired at an average price of $11.48 per share, for a total transaction of $74,620.00. Following the completion of the transaction, the president owned 68,648 shares in the company, valued at approximately $788,079.04. This trade represents a 10.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Royce Otc Micro Stock Up 2.4%

Shares of NYSE RMT opened at $11.77 on Thursday. Royce Otc Micro has a 1 year low of $7.25 and a 1 year high of $12.50. The firm’s 50-day moving average is $11.76 and its 200-day moving average is $10.91.

Royce Otc Micro Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.76 dividend on an annualized basis and a yield of 6.5%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC bought a new position in shares of Royce Otc Micro in the 4th quarter worth $2,036,000. EP Wealth Advisors LLC bought a new stake in Royce Otc Micro in the fourth quarter valued at about $464,000. Saba Capital Management L.P. lifted its stake in Royce Otc Micro by 85.7% in the fourth 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 buying an additional 1,206,828 shares during the period. Rivernorth Capital Management LLC boosted its holdings in Royce Otc Micro by 6.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 893,126 shares of the financial services provider’s stock worth $9,315,000 after buying an additional 55,345 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Royce Otc Micro during the fourth quarter worth about $1,219,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

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.