Roberts Glore & Co. Inc. IL Takes Position in Royce Otc Micro $RMT

Roberts Glore & Co. Inc. IL purchased a new position in shares of Royce Otc Micro (NYSE:RMT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 55,290 shares of the financial services provider’s stock, valued at approximately $809,000. Roberts Glore & Co. Inc. IL owned 0.11% of Royce Otc Micro at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Saba Capital Management L.P. increased its stake 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 valued at $33,539,000 after acquiring an additional 350,491 shares during the last quarter. UBS Group AG lifted its stake in Royce Otc Micro by 1.2% during the third quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock worth $10,846,000 after purchasing an additional 12,378 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Royce Otc Micro by 26.2% in the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock valued at $10,662,000 after purchasing an additional 212,322 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Royce Otc Micro by 1.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,014,463 shares of the financial services provider’s stock valued at $11,474,000 after purchasing an additional 11,524 shares in the last quarter. Finally, Alexander Randolph Advisory Inc. boosted its holdings in shares of Royce Otc Micro by 1.9% in the 4th quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider’s stock valued at $10,102,000 after purchasing an additional 18,353 shares in the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

Insider Transactions at Royce Otc Micro

In other Royce Otc Micro news, insider John E. Denneen bought 4,000 shares of the stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $13.70 per share, with a total value of $54,800.00. Following the completion of the purchase, the insider owned 12,232 shares in the company, valued at $167,578.40. The trade was a 48.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Royce Otc Micro Price Performance

Royce Otc Micro stock opened at $14.19 on Wednesday. Royce Otc Micro has a 52 week low of $9.52 and a 52 week high of $14.78. The stock has a fifty day moving average of $14.12 and a 200-day moving average of $13.16.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a $0.21 dividend. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Thursday, June 11th.

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.