Christopher Clark Buys 6,500 Shares of Royce Otc Micro (NYSE:RMT) Stock

Royce Otc Micro (NYSE:RMT) President Christopher Clark bought 6,500 shares of the company’s stock in a transaction dated Sunday, March 24th. The stock was bought at an average cost of $11.48 per share, with a total value of $74,620.00. Following the completion of the transaction, the president owned 68,648 shares in the company, valued at approximately $788,079.04. This trade represents a 10.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Royce Otc Micro Stock Down 3.6%

Shares of RMT opened at $11.39 on Friday. Royce Otc Micro has a 1-year low of $7.25 and a 1-year high of $12.50. The firm’s 50-day moving average price is $11.76 and its 200-day moving average price is $10.91.

Royce Otc Micro Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be issued a $0.19 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.76 annualized dividend and a yield of 6.7%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in shares of Royce Otc Micro in the 4th quarter valued at approximately $148,000. Royal Bank of Canada grew its stake in Royce Otc Micro by 5.2% in 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 raised its holdings in 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 in the last quarter. Jaffetilchin Investment Partners LLC raised its holdings 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 purchasing an additional 7,695 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Royce Otc Micro by 7.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 22,588 shares of the financial services provider’s stock valued at $209,000 after buying an additional 1,478 shares during the period. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Company 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.