Royce Otc Micro (NYSE:RMT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.33 and last traded at $14.2960, with a volume of 6928 shares traded. The stock had previously closed at $13.99.
Royce Otc Micro Stock Performance
The business has a 50-day moving average of $13.50 and a 200-day moving average of $12.12.
Royce Otc Micro Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.84 annualized dividend and a dividend yield of 5.9%. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19.
Insider Activity at Royce Otc Micro
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Saba Capital Management L.P. boosted its holdings in Royce Otc Micro by 13.4% in the first quarter. Saba Capital Management L.P. now owns 2,965,400 shares of the financial services provider’s stock worth $33,539,000 after purchasing an additional 350,491 shares in the last quarter. UBS Group AG raised its position in shares of Royce Otc Micro by 1.2% in the third quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock valued at $10,846,000 after purchasing an additional 12,378 shares during the period. LPL Financial LLC lifted its position in Royce Otc Micro by 26.2% during the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock worth $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Royce Otc Micro by 1.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,014,463 shares of the financial services provider’s stock worth $11,474,000 after purchasing an additional 11,524 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. lifted its holdings in shares of Royce Otc Micro by 1.9% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider’s stock worth $10,102,000 after buying an additional 18,353 shares during the last quarter. Institutional investors and hedge funds 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.
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