Lazard Asset Management LLC bought a new stake in Royce Otc Micro (NYSE:RMT – Free Report) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 300,000 shares of the financial services provider’s stock, valued at approximately $3,393,000.
A number of other institutional investors have also added to or reduced their stakes in RMT. Steward Partners Investment Advisory LLC raised its holdings in Royce Otc Micro by 3.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 897 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Royce Otc Micro by 1.6% during the 4th quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 926 shares in the last quarter. Sapient Capital LLC increased its position in shares of Royce Otc Micro by 2.3% during the fourth quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 1,068 shares during the period. First Trust Advisors LP increased its position in shares of Royce Otc Micro by 2.6% during the fourth quarter. First Trust Advisors LP now owns 52,271 shares of the financial services provider’s stock valued at $545,000 after purchasing an additional 1,328 shares during the period. Finally, Uhlmann Price Securities LLC raised its stake in shares of Royce Otc Micro by 2.4% in the first quarter. Uhlmann Price Securities LLC now owns 87,400 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 2,069 shares in the last quarter. 34.98% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Royce Otc Micro
In other Royce Otc Micro news, insider John E. Denneen purchased 4,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price 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 in the company, valued at approximately $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.
Royce Otc Micro Stock Down 0.5%
Royce Otc Micro Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.2%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, June 11th.
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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