Royce Otc Micro (NYSE:RMT) Stock Passes Above 50-Day Moving Average – Should You Sell?

Royce Otc Micro (NYSE:RMT)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.33 and traded as high as $10.74. Royce Otc Micro shares last traded at $10.70, with a volume of 75,443 shares.

Royce Otc Micro Price Performance

The company has a 50-day simple moving average of $10.33 and a 200-day simple moving average of $9.44.

Royce Otc Micro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were given a $0.18 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.72 annualized dividend and a yield of 6.7%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Shaker Financial Services LLC increased its position in shares of Royce Otc Micro by 23.5% in the first quarter. Shaker Financial Services LLC now owns 907,197 shares of the financial services provider’s stock valued at $7,648,000 after buying an additional 172,411 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Royce Otc Micro by 15.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 963,753 shares of the financial services provider’s stock valued at $10,013,000 after buying an additional 130,855 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Royce Otc Micro by 28.2% in the second quarter. Wolverine Asset Management LLC now owns 492,646 shares of the financial services provider’s stock valued at $4,557,000 after buying an additional 108,516 shares in the last quarter. Modern Wealth Management LLC increased its position in shares of Royce Otc Micro by 11.0% in the first quarter. Modern Wealth Management LLC now owns 1,074,754 shares of the financial services provider’s stock valued at $9,060,000 after buying an additional 106,092 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Royce Otc Micro by 13.3% in the first quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider’s stock valued at $5,657,000 after buying an additional 78,528 shares in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

About Royce Otc Micro

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.