Royce Otc Micro (NYSE:RMT) Hits New 1-Year High – Should You Buy?

Royce Otc Micro (NYSE:RMT) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.25 and last traded at $13.1450, with a volume of 65359 shares traded. The stock had previously closed at $13.05.

Royce Otc Micro Trading Down 0.2%

The firm has a 50-day moving average of $11.96 and a two-hundred day moving average of $11.15.

Royce Otc Micro Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Thursday, March 12th.

Institutional Trading of Royce Otc Micro

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Royce Otc Micro by 15.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 963,753 shares of the financial services provider’s stock worth $10,013,000 after buying an additional 130,855 shares during the last quarter. TrueMark Investments LLC bought a new position in Royce Otc Micro in the third quarter valued at about $1,024,000. Revolve Wealth Partners LLC bought a new position in Royce Otc Micro in the fourth quarter valued at about $148,000. Blue Bell Private Wealth Management LLC raised its position in Royce Otc Micro by 9.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 519,350 shares of the financial services provider’s stock valued at $5,396,000 after purchasing an additional 45,803 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Royce Otc Micro by 43.6% in the second quarter. Osaic Holdings Inc. now owns 128,956 shares of the financial services provider’s stock valued at $1,193,000 after purchasing an additional 39,133 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

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.