Diversify Advisory Services LLC Takes Position in Royce Otc Micro $RMT

Diversify Advisory Services LLC acquired a new stake in Royce Otc Micro (NYSE:RMT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,652 shares of the financial services provider’s stock, valued at approximately $888,000. Diversify Advisory Services LLC owned approximately 0.12% of Royce Otc Micro as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RMT. Sapient Capital LLC lifted its holdings in Royce Otc Micro by 1.5% during the 2nd quarter. Sapient Capital LLC now owns 49,274 shares of the financial services provider’s stock worth $721,000 after buying an additional 715 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Royce Otc Micro by 3.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 897 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Royce Otc Micro by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 926 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 worth $545,000 after acquiring an additional 1,328 shares during the period. Finally, Uhlmann Price Securities LLC increased its position in shares of Royce Otc Micro by 2.4% during the first quarter. Uhlmann Price Securities LLC now owns 87,400 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 2,069 shares during the period. 34.98% of the stock is owned by hedge funds and other institutional investors.

Royce Otc Micro Trading Down 1.3%

Shares of NYSE RMT opened at $14.06 on Friday. The business’s fifty day simple moving average is $14.11 and its 200-day simple moving average is $13.10. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78.

Royce Otc Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.21 per share. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, June 11th. This represents a $0.84 annualized dividend and a yield of 6.0%.

Insider Transactions at Royce Otc Micro

In related news, insider John E. Denneen purchased 4,000 shares of Royce Otc Micro stock in a transaction on Friday, June 5th. The shares were bought at an average price of $13.70 per share, with a total value of $54,800.00. Following the transaction, the insider directly owned 12,232 shares of the company’s stock, valued at approximately $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

About Royce Otc Micro

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.