Diversify Wealth Management LLC Buys New Stake in Royce Otc Micro $RMT

Diversify Wealth Management LLC acquired a new stake in shares of Royce Otc Micro (NYSE:RMT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,652 shares of the financial services provider’s stock, valued at approximately $731,000. Diversify Wealth Management LLC owned approximately 0.12% of Royce Otc Micro as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Royce Otc Micro during the fourth quarter worth approximately $31,000. Advisory Services Network LLC acquired a new stake in Royce Otc Micro during the 3rd quarter worth about $36,000. Kestra Advisory Services LLC purchased a new position in Royce Otc Micro during the fourth quarter valued at approximately $40,000. Heritage Financial Services LLC purchased a new stake in shares of Royce Otc Micro during the fourth quarter worth $105,000. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of Royce Otc Micro during the 4th quarter valued at about $144,000. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Otc Micro Price Performance

Royce Otc Micro stock opened at $13.94 on Friday. Royce Otc Micro has a one year low of $9.13 and a one year high of $14.78. The company’s fifty day moving average price is $13.92 and its two-hundred day moving average price is $12.60.

Royce Otc Micro Increases Dividend

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

Insider Transactions at Royce Otc Micro

In related news, insider John E. Denneen purchased 4,000 shares of Royce Otc Micro stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $13.70 per share, with a total value of $54,800.00. Following the acquisition, the insider directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 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.