Royce Otc Micro $RMT is Shaker Financial Services LLC’s 2nd Largest Position

Shaker Financial Services LLC trimmed its holdings in shares of Royce Otc Micro (NYSE:RMT) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 829,682 shares of the financial services provider’s stock after selling 79,376 shares during the period. Royce Otc Micro makes up approximately 2.7% of Shaker Financial Services LLC’s holdings, making the stock its 2nd largest position. Shaker Financial Services LLC’s holdings in Royce Otc Micro were worth $8,654,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CX Institutional purchased a new position in shares of Royce Otc Micro during the third quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new position in shares of Royce Otc Micro during the third quarter valued at approximately $36,000. Verus Capital Partners LLC lifted its holdings in shares of Royce Otc Micro by 13.4% during the third quarter. Verus Capital Partners LLC now owns 13,150 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,557 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Royce Otc Micro during the fourth quarter valued at approximately $148,000. Finally, Spinnaker Investment Group LLC purchased a new position in shares of Royce Otc Micro during the fourth quarter valued at approximately $166,000. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Otc Micro Trading Up 2.3%

RMT stock opened at $13.06 on Friday. The firm has a 50 day moving average price of $11.91 and a 200-day moving average price of $11.10. Royce Otc Micro has a 52-week low of $7.62 and a 52-week high of $13.14.

Royce Otc Micro Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date 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.