Royce Otc Micro (NYSE:RMT) Sets New 1-Year High – Here’s Why

Royce Otc Micro (NYSE:RMT) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $14.78 and last traded at $14.37, with a volume of 134767 shares trading hands. The stock had previously closed at $14.38.

Royce Otc Micro Price Performance

The firm has a 50-day simple moving average of $13.83 and a two-hundred day simple moving average of $12.43.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were issued a $0.21 dividend. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, June 11th.

Insiders Place Their Bets

In other Royce Otc Micro news, insider John E. Denneen bought 4,000 shares of Royce Otc Micro stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the purchase, the insider directly owned 12,232 shares of the company’s stock, valued at $167,578.40. The trade was a 48.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in Royce Otc Micro in the fourth quarter worth $31,000. Advisory Services Network LLC acquired a new stake in shares of Royce Otc Micro in the third quarter worth about $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter worth about $40,000. Heritage Financial Services LLC bought a new stake in shares of Royce Otc Micro during the 4th quarter worth about $105,000. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Royce Otc Micro during the 4th quarter worth about $144,000. Institutional investors own 34.98% of the company’s stock.

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.