Insider Buying: Royce Otc Micro (NYSE:RMT) Insider Acquires $54,800.00 in Stock

Royce Otc Micro (NYSE:RMT) insider John Denneen acquired 4,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $13.70 per share, with a total value of $54,800.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Royce Otc Micro Stock Performance

RMT stock opened at $13.56 on Thursday. The business has a 50 day moving average price of $13.16 and a 200 day moving average price of $11.93. Royce Otc Micro has a fifty-two week low of $8.66 and a fifty-two week high of $14.30.

Royce Otc Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 11th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in Royce Otc Micro during the fourth quarter worth $31,000. Advisory Services Network LLC acquired a new position in Royce Otc Micro in the third quarter valued at $36,000. Kestra Advisory Services LLC acquired a new position in Royce Otc Micro in the fourth quarter valued at $40,000. Heritage Financial Services LLC acquired a new stake in Royce Otc Micro during the fourth quarter worth about $105,000. Finally, Verus Capital Partners LLC increased its stake in Royce Otc Micro by 13.4% during the third quarter. Verus Capital Partners LLC now owns 13,150 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,557 shares during the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

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.