Royce Otc Micro (NYSE:RMT) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Shares of Royce Otc Micro (NYSE:RMT) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.12 and traded as high as $13.31. Royce Otc Micro shares last traded at $13.2650, with a volume of 103,482 shares.

Royce Otc Micro Price Performance

The stock has a 50-day simple moving average of $13.24 and a 200-day simple moving average of $13.13.

Royce Otc Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.9%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, September 11th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Hara Capital LLC bought a new stake in shares of Royce Otc Micro in the 2nd quarter worth about $33,000. Kestra Advisory Services LLC acquired a new position in Royce Otc Micro in the third quarter worth about $191,000. Susquehanna International Group LLP grew its stake in Royce Otc Micro by 20.4% in the second quarter. Susquehanna International Group LLP now owns 15,473 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 2,621 shares in the last quarter. Wedbush Securities Inc. bought a new stake in Royce Otc Micro in the third quarter valued at about $241,000. Finally, Diversified Trust Co increased its holdings in Royce Otc Micro by 5.9% in the third quarter. Diversified Trust Co now owns 21,596 shares of the financial services provider’s stock valued at $290,000 after buying an additional 1,200 shares during the last quarter. 34.98% of the stock is owned by institutional investors and hedge funds.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc. is a closed-end investment company that seeks long-term capital growth by investing primarily in the stocks of small and micro-capitalization companies. Its portfolio may include companies across a range of industries, with an emphasis on businesses whose shares are generally less widely followed than those of larger public companies. The trust was launched in 1993 and is managed by Royce Investment Partners, an investment firm specializing in small- and micro-capitalization stocks.