Royce Otc Micro (NYSE:RMT) Sets New 1-Year High – Should You Buy?

Royce Otc Micro (NYSE:RMT) reached a new 52-week high on Monday . The company traded as high as $13.25 and last traded at $13.1450, with a volume of 65359 shares trading hands. The stock had previously closed at $13.05.

Royce Otc Micro Price Performance

The stock’s 50 day moving average is $11.91 and its two-hundred day moving average is $11.11.

Royce Otc Micro Cuts Dividend

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

Institutional Trading of Royce Otc Micro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in 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 acquiring an additional 130,855 shares during the period. TrueMark Investments LLC bought a new stake in Royce Otc Micro in the third quarter valued at about $1,024,000. Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro in the fourth quarter valued at about $148,000. Kestra Advisory Services LLC acquired a new position in Royce Otc Micro in the fourth quarter valued at about $40,000. Finally, Advisory Services Network LLC bought a new stake in Royce Otc Micro during the third quarter worth about $36,000. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Company Profile

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.