Royce Otc Micro $RMT Shares Bought by Altium Capital Management LLC

Altium Capital Management LLC grew its position in Royce Otc Micro (NYSE:RMT) by 179.1% in the first quarter, Holdings Channel reports. The fund owned 243,050 shares of the financial services provider’s stock after acquiring an additional 155,972 shares during the quarter. Royce Otc Micro accounts for 6.5% of Altium Capital Management LLC’s portfolio, making the stock its 7th largest holding. Altium Capital Management LLC’s holdings in Royce Otc Micro were worth $2,749,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of RMT. Steward Partners Investment Advisory LLC raised its position in Royce Otc Micro by 3.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 897 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Royce Otc Micro by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 926 shares during the last quarter. Sapient Capital LLC grew its holdings in shares of Royce Otc Micro by 2.3% during the fourth quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 1,068 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Royce Otc Micro by 2.6% in the fourth quarter. First Trust Advisors LP now owns 52,271 shares of the financial services provider’s stock valued at $545,000 after buying an additional 1,328 shares during the period. Finally, Uhlmann Price Securities LLC raised its holdings in Royce Otc Micro by 2.3% in the 4th quarter. Uhlmann Price Securities LLC now owns 85,331 shares of the financial services provider’s stock valued at $890,000 after buying an additional 1,916 shares during the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

Insider Activity at Royce Otc Micro

In other Royce Otc Micro news, insider John E. Denneen purchased 4,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the acquisition, the insider owned 12,232 shares in the company, valued at approximately $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% of the company’s stock.

Royce Otc Micro Stock Down 0.2%

NYSE:RMT traded down $0.03 during mid-day trading on Friday, hitting $14.11. 83,308 shares of the company’s stock were exchanged, compared to its average volume of 158,824. The company has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $12.49. Royce Otc Micro has a fifty-two week low of $9.13 and a fifty-two week high of $14.78.

Royce Otc Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 11th. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 6.0%.

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.