Royce Otc Micro (RMT) To Go Ex-Dividend on September 11th

Royce Otc Micro (NYSE:RMT – Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of 0.23 per share by the financial services provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, September 11th. This is a 9.5% increase from Royce Otc Micro’s previous quarterly dividend of $0.21.

Royce Otc Micro Trading Up 0.5%

RMT stock opened at $13.77 on Thursday. The firm has a 50 day moving average of $14.10 and a 200-day moving average of $13.25. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78.

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Insider Transactions at Royce Otc Micro

In other Royce Otc Micro news, insider John E. Denneen bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $13.70 per share, with a total value of $54,800.00. Following the transaction, the insider owned 12,232 shares in the company, valued at $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Institutional Trading of Royce Otc Micro

A number of hedge funds have recently made changes to their positions in the stock. Revolve Wealth Partners LLC bought a new stake in shares of Royce Otc Micro in the 4th quarter valued at approximately $148,000. Royal Bank of Canada boosted its position in Royce Otc Micro by 5.2% during the 1st 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 period. NewEdge Advisors LLC lifted its stake in shares of Royce Otc Micro by 9.6% in the 1st 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 period. Guggenheim Capital LLC lifted its position in 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 purchasing an additional 5,122 shares during the period. Finally, Bank of America Corp DE boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

About Royce Otc Micro

(Get Free Report)

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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