Readystate Asset Management LP Has $373,000 Stock Position in Royce Otc Micro $RMT

Readystate Asset Management LP lessened its holdings in Royce Otc Micro (NYSE:RMT) by 72.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,863 shares of the financial services provider’s stock after selling 95,848 shares during the quarter. Readystate Asset Management LP owned 0.07% of Royce Otc Micro worth $373,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CX Institutional acquired a new stake in shares of Royce Otc Micro in the third quarter valued at approximately $33,000. Verus Capital Partners LLC bought a new stake in Royce Otc Micro in the 2nd quarter valued at about $107,000. Revolve Wealth Partners LLC acquired a new position in shares of Royce Otc Micro during the 4th quarter worth approximately $148,000. Jaffetilchin Investment Partners LLC boosted its stake in shares of 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 valued at $177,000 after buying an additional 7,695 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Royce Otc Micro by 7.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 22,588 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 1,478 shares during the period. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Trading Up 0.7%

Shares of Royce Otc Micro stock opened at $12.08 on Thursday. The firm’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $10.56. Royce Otc Micro has a 12-month low of $7.25 and a 12-month high of $12.17.

Royce Otc Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Thursday, December 11th. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18.

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.