Wolverine Asset Management LLC Sells 135,714 Shares of Royce Otc Micro $RMT

Wolverine Asset Management LLC cut its holdings in shares of Royce Otc Micro (NYSE:RMT) by 27.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,932 shares of the financial services provider’s stock after selling 135,714 shares during the period. Wolverine Asset Management LLC’s holdings in Royce Otc Micro were worth $3,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Comprehensive Money Management Services LLC grew its position in Royce Otc Micro by 49.8% in the third quarter. Comprehensive Money Management Services LLC now owns 28,910 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 9,605 shares in the last quarter. CX Institutional purchased a new position in Royce Otc Micro during the third quarter valued at approximately $33,000. Spirepoint Private Client LLC bought a new position in Royce Otc Micro in the third quarter worth approximately $400,000. Blue Bell Private Wealth Management LLC lifted its holdings in Royce Otc Micro by 9.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 519,350 shares of the financial services provider’s stock worth $5,396,000 after buying an additional 45,803 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Royce Otc Micro by 11.0% during the 3rd quarter. D.A. Davidson & CO. now owns 26,228 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 2,602 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.

Insider Activity at Royce Otc Micro

In related news, insider Charles M. Royce sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the completion of the sale, the insider owned 596,926 shares of the company’s stock, valued at $6,130,430.02. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Royce Otc Micro Price Performance

RMT opened at $11.56 on Friday. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $11.62. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $10.21.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Thursday, December 11th. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18.

Royce Otc Micro 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.