Altium Capital Management LLC Acquires New Shares in Royce Otc Micro $RMT

Altium Capital Management LLC acquired a new stake in Royce Otc Micro (NYSE:RMT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 87,078 shares of the financial services provider’s stock, valued at approximately $908,000. Royce Otc Micro comprises 3.6% of Altium Capital Management LLC’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Royce Otc Micro in the 4th quarter valued at $31,000. Advisory Services Network LLC acquired a new stake in Royce Otc Micro in the 3rd quarter worth approximately $36,000. Heritage Financial Services LLC acquired a new stake in Royce Otc Micro in the 4th quarter worth approximately $105,000. Verus Capital Partners LLC boosted its position in 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 during the period. Finally, Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro during the fourth quarter worth approximately $148,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Otc Micro Trading Up 1.4%

Shares of RMT stock opened at $13.22 on Thursday. Royce Otc Micro has a 12 month low of $8.56 and a 12 month high of $13.97. The business’s 50 day moving average is $12.44 and its two-hundred day moving average is $11.53.

Royce Otc Micro Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were paid a $0.19 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.76 dividend on an annualized basis and a yield of 5.7%.

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.