TrueMark Investments LLC Takes Position in Royce Otc Micro $RMT

TrueMark Investments LLC acquired a new stake in Royce Otc Micro (NYSE:RMT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,533 shares of the financial services provider’s stock, valued at approximately $1,024,000.

Other institutional investors also recently bought and sold shares of the company. CX Institutional acquired a new position in Royce Otc Micro in the 3rd quarter valued at about $33,000. Verus Capital Partners LLC purchased a new stake in shares of Royce Otc Micro during the 2nd quarter valued at approximately $107,000. JFS Wealth Advisors LLC acquired a new position in Royce Otc Micro in the second quarter valued at approximately $129,000. Revolve Wealth Partners LLC acquired a new position in Royce Otc Micro in the fourth quarter valued at approximately $148,000. Finally, Jaffetilchin Investment Partners LLC grew its position in Royce Otc Micro by 67.0% in the second quarter. Jaffetilchin Investment Partners LLC now owns 19,182 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 7,695 shares during the period. 34.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Royce Otc Micro news, insider Charles M. Royce sold 200,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the completion of the transaction, the insider owned 596,926 shares of the company’s stock, valued at $6,130,430.02. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.

Royce Otc Micro Price Performance

RMT stock opened at $11.59 on Friday. Royce Otc Micro has a 52-week low of $7.25 and a 52-week high of $11.88. The business has a fifty day moving average of $10.67 and a two-hundred day moving average of $10.29.

Royce Otc Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were issued a $0.24 dividend. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, December 11th. This represents a $0.96 annualized dividend and a yield of 8.3%.

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.