Polar Asset Management Partners Inc. Decreases Stock Holdings in Royce Otc Micro $RMT

Polar Asset Management Partners Inc. lowered its stake in Royce Otc Micro (NYSE:RMT) by 70.1% during the third quarter, Holdings Channel.com reports. The fund owned 71,294 shares of the financial services provider’s stock after selling 167,074 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Royce Otc Micro were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CX Institutional acquired a new position in Royce Otc Micro during the third quarter worth $33,000. Advisory Services Network LLC acquired a new stake in shares of Royce Otc Micro in the third quarter valued at about $36,000. Verus Capital Partners LLC increased its stake in shares of Royce Otc Micro by 13.4% during the third quarter. Verus Capital Partners LLC now owns 13,150 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,557 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Royce Otc Micro during the fourth quarter worth about $148,000. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of Royce Otc Micro by 67.0% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Down 3.0%

Shares of Royce Otc Micro stock opened at $11.03 on Friday. Royce Otc Micro has a twelve month low of $7.25 and a twelve month high of $12.50. The firm’s 50-day moving average price is $11.75 and its 200 day moving average price is $10.87.

Royce Otc Micro Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.9%.

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.