Royce Otc Micro (NYSE:RMT) President Purchases $74,620.00 in Stock

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

Royce Otc Micro Price Performance

RMT stock opened at $11.28 on Friday. The firm has a 50-day moving average price of $11.75 and a 200-day moving average price of $10.92. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $12.50.

Royce Otc Micro Cuts Dividend

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

Institutional Trading of Royce Otc Micro

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. increased its holdings in shares of Royce Otc Micro by 85.7% during the fourth quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock worth $27,274,000 after buying an additional 1,206,828 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Royce Otc Micro by 26.2% in the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock valued at $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Royce Otc Micro during the 4th quarter valued at $2,036,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Royce Otc Micro by 15.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 963,753 shares of the financial services provider’s stock valued at $10,013,000 after acquiring an additional 130,855 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in Royce Otc Micro during the 4th quarter worth $1,219,000. 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.