Shaker Financial Services LLC Sells 54,538 Shares of Royce Otc Micro $RMT

Shaker Financial Services LLC lowered its holdings in Royce Otc Micro (NYSE:RMT) by 18.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,299 shares of the financial services provider’s stock after selling 54,538 shares during the quarter. Shaker Financial Services LLC owned 0.43% of Royce Otc Micro worth $3,136,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sapient Capital LLC raised its holdings in Royce Otc Micro by 1.5% in the 2nd quarter. Sapient Capital LLC now owns 49,274 shares of the financial services provider’s stock valued at $721,000 after buying an additional 715 shares during the period. Uhlmann Price Securities LLC boosted its stake in Royce Otc Micro by 2.4% during the first quarter. Uhlmann Price Securities LLC now owns 87,400 shares of the financial services provider’s stock worth $988,000 after buying an additional 2,069 shares during the period. Hara Capital LLC purchased a new position in Royce Otc Micro during the second quarter worth about $33,000. Susquehanna International Group LLP boosted its stake in Royce Otc Micro by 20.4% during the second quarter. Susquehanna International Group LLP now owns 15,473 shares of the financial services provider’s stock worth $227,000 after buying an additional 2,621 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Royce Otc Micro by 13.7% during the second quarter. Concurrent Investment Advisors LLC now owns 28,571 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 3,448 shares during the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Otc Micro Price Performance

Shares of Royce Otc Micro stock traded down $0.28 on Wednesday, reaching $12.87. The company had a trading volume of 89,958 shares, compared to its average volume of 131,167. The firm’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $13.58. Royce Otc Micro has a 52-week low of $9.52 and a 52-week high of $14.78.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 7.2%.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a publicly traded closed-end investment company focused on investing in micro-capitalization companies. The fund seeks long-term capital growth by building a diversified portfolio primarily of common stocks issued by smaller U.S. companies.

RMT is managed by Royce & Associates, LP, an investment adviser specializing in small-cap and micro-cap equity strategies. The portfolio typically emphasizes companies that the adviser believes have attractive business fundamentals, experienced management teams, and the potential to grow over time.