Wolverine Asset Management LLC Sells 135,714 Shares of Royce Otc Micro $RMT

Wolverine Asset Management LLC lessened its position in shares of Royce Otc Micro (NYSE:RMT) by 27.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,932 shares of the financial services provider’s stock after selling 135,714 shares during the period. Wolverine Asset Management LLC owned about 0.68% of Royce Otc Micro worth $3,709,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Revolve Wealth Partners LLC acquired a new position in Royce Otc Micro during the fourth quarter worth $148,000. Royal Bank of Canada increased its holdings in shares of Royce Otc Micro by 5.2% during the first quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider’s stock worth $1,753,000 after purchasing an additional 10,290 shares during the period. NewEdge Advisors LLC increased its position in shares of Royce Otc Micro by 9.6% in the first quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,675 shares during the period. Diversified Trust Co raised its stake in Royce Otc Micro by 15.4% during the second quarter. Diversified Trust Co now owns 19,269 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 2,567 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Royce Otc Micro by 6.9% in the second quarter. Janney Montgomery Scott LLC now owns 26,640 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,730 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Otc Micro Trading Up 0.6%

Shares of Royce Otc Micro stock opened at $11.56 on Friday. The business has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $10.21. Royce Otc Micro has a 1-year low of $7.25 and a 1-year high of $11.62.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Thursday, December 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.18.

Insider Activity at Royce Otc Micro

In related news, insider Charles M. Royce sold 200,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $10.27, for a total value of $2,054,000.00. Following the sale, the insider directly owned 596,926 shares in the company, valued at approximately $6,130,430.02. The trade was a 25.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Royce Otc Micro Profile

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.