Comprehensive Money Management Services LLC purchased a new stake in Royce Otc Micro (NYSE:RMT – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 41,715 shares of the financial services provider’s stock, valued at approximately $611,000.
A number of other large investors have also recently added to or reduced their stakes in RMT. Hara Capital LLC acquired a new position in Royce Otc Micro during the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new position in shares of Royce Otc Micro during the fourth quarter worth about $31,000. Advisory Services Network LLC bought a new position in shares of Royce Otc Micro during the third quarter worth about $36,000. Kestra Advisory Services LLC acquired a new position in Royce Otc Micro in the fourth quarter worth about $40,000. Finally, Heritage Financial Services LLC acquired a new position in Royce Otc Micro in the fourth quarter worth about $105,000. 34.98% of the stock is currently owned by institutional investors.
Insider Activity
In other news, insider John E. Denneen acquired 4,000 shares of Royce Otc Micro stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the purchase, the insider directly owned 12,232 shares of the company’s stock, valued at $167,578.40. This trade represents a 48.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Royce Otc Micro Price Performance
Royce Otc Micro Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.84 annualized dividend and a dividend yield of 5.9%. This is an increase 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.
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