Evolve Private Wealth LLC Invests $1.65 Million in Royce Otc Micro $RMT

Evolve Private Wealth LLC acquired a new position in shares of Royce Otc Micro (NYSE:RMT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 112,472 shares of the financial services provider’s stock, valued at approximately $1,647,000.

Other large investors have also bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in Royce Otc Micro in the fourth quarter valued at about $148,000. Royal Bank of Canada lifted its holdings in shares of Royce Otc Micro by 5.2% in the first quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider’s stock worth $1,753,000 after acquiring an additional 10,290 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Royce Otc Micro by 9.6% in the first quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 2,675 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Royce Otc Micro by 6.6% in the second quarter. Guggenheim Capital LLC now owns 82,969 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 5,122 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Royce Otc Micro by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider’s stock valued at $4,939,000 after purchasing an additional 2,860 shares in the last quarter. 34.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider John E. Denneen bought 4,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the transaction, the insider directly owned 12,232 shares of the company’s stock, valued at approximately $167,578.40. This represents a 48.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.19% of the stock is owned by corporate insiders.

Royce Otc Micro Stock Up 0.7%

Shares of Royce Otc Micro stock opened at $14.15 on Friday. The firm’s 50 day moving average is $14.11 and its 200 day moving average is $13.11. Royce Otc Micro has a 1 year low of $9.52 and a 1 year high of $14.78.

Royce Otc Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19.

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.