Royce Otc Micro (NYSE:RMT) Reaches New 1-Year High – Time to Buy?

Shares of Royce Otc Micro (NYSE:RMT) hit a new 52-week high during trading on Monday . The stock traded as high as $14.42 and last traded at $14.4050, with a volume of 228153 shares. The stock had previously closed at $14.12.

Royce Otc Micro Trading Up 0.1%

The firm’s fifty day simple moving average is $13.71 and its 200 day simple moving average is $12.30.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.7%. 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.

Insider Activity at Royce Otc Micro

In related news, insider John E. Denneen purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the transaction, the insider owned 12,232 shares in the company, valued at approximately $167,578.40. The trade was a 48.59% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Royce Otc Micro

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Royce Otc Micro during the 4th quarter worth $31,000. Advisory Services Network LLC bought a new stake in shares of Royce Otc Micro in the third quarter valued at about $36,000. Kestra Advisory Services LLC purchased a new stake in Royce Otc Micro in the fourth quarter worth about $40,000. Heritage Financial Services LLC purchased a new stake in Royce Otc Micro in the fourth quarter worth about $105,000. Finally, Closed End Fund Advisors Inc. bought a new position in Royce Otc Micro during the 4th quarter worth about $144,000. 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.