Royce Otc Micro (NYSE:RMT) Hits New 1-Year High – Here’s What Happened

Royce Otc Micro (NYSE:RMT)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $13.97 and last traded at $13.9050, with a volume of 43086 shares trading hands. The stock had previously closed at $13.82.

Royce Otc Micro Trading Up 0.8%

The company has a fifty day moving average price of $12.60 and a 200 day moving average price of $11.62.

Royce Otc Micro Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.76 annualized dividend and a dividend yield of 5.5%.

Institutional Investors Weigh In On Royce Otc Micro

A number of hedge funds have recently made changes to their positions in RMT. Revolve Wealth Partners LLC bought a new stake in shares of Royce Otc Micro during the fourth quarter valued at approximately $148,000. Royal Bank of Canada raised its holdings in shares of Royce Otc Micro by 5.2% during the first quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider’s stock valued at $1,753,000 after buying an additional 10,290 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Royce Otc Micro by 9.6% during the first quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider’s stock valued at $257,000 after buying an additional 2,675 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Royce Otc Micro by 6.6% during the second quarter. Guggenheim Capital LLC now owns 82,969 shares of the financial services provider’s stock valued at $767,000 after buying an additional 5,122 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Royce Otc Micro by 0.5% during the second quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider’s stock valued at $4,939,000 after buying an additional 2,860 shares during the last quarter. Institutional investors 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.