Blue Bell Private Wealth Management LLC Raises Stock Holdings in Royce Otc Micro $RMT

Blue Bell Private Wealth Management LLC increased its position in Royce Otc Micro (NYSE:RMT) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 560,788 shares of the financial services provider’s stock after buying an additional 41,438 shares during the period. Royce Otc Micro comprises approximately 0.9% of Blue Bell Private Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Royce Otc Micro were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altium Capital Management LLC purchased a new position in Royce Otc Micro in the 4th quarter worth $908,000. HighTower Advisors LLC raised its stake in Royce Otc Micro by 9.8% in the 4th quarter. HighTower Advisors LLC now owns 27,604 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 2,467 shares during the last quarter. Sapient Capital LLC raised its stake in Royce Otc Micro by 2.3% in the 4th quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 1,068 shares during the last quarter. Alexander Randolph Advisory Inc. raised its stake in Royce Otc Micro by 1.9% in the 4th quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider’s stock worth $10,102,000 after acquiring an additional 18,353 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Royce Otc Micro in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Performance

Shares of RMT stock opened at $13.49 on Tuesday. The business has a fifty day moving average of $12.55 and a 200 day moving average of $11.59. Royce Otc Micro has a 1 year low of $8.56 and a 1 year high of $13.97.

Royce Otc Micro Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, March 12th.

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.