Royce Otc Micro (NYSE:RMT) Stock Passes Above 50 Day Moving Average – Here’s Why

Royce Otc Micro (NYSE:RMT)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.38 and traded as high as $10.55. Royce Otc Micro shares last traded at $10.52, with a volume of 114,009 shares.

Royce Otc Micro Trading Up 0.9%

The stock has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $10.06.

Royce Otc Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 9.1%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 11th.

Insider Transactions at Royce Otc Micro

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 transaction, the insider directly owned 596,926 shares in the company, valued at $6,130,430.02. This represents a 25.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Royce Otc Micro

Several hedge funds have recently modified their holdings of the business. CX Institutional bought a new position in shares of Royce Otc Micro during the third quarter valued at approximately $33,000. Advisory Services Network LLC bought a new position in Royce Otc Micro in the third quarter worth approximately $36,000. Verus Capital Partners LLC purchased a new stake in Royce Otc Micro during the second quarter worth $107,000. JFS Wealth Advisors LLC bought a new stake in Royce Otc Micro during the 2nd quarter valued at $129,000. Finally, Revolve Wealth Partners LLC purchased a new position in shares of Royce Otc Micro in the 4th quarter valued at $148,000. Hedge funds and other institutional investors 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.