Royce Otc Micro (NYSE:RMT) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Royce Otc Micro (NYSE:RMT)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $13.64 and traded as low as $12.68. Royce Otc Micro shares last traded at $12.86, with a volume of 68,702 shares trading hands.

Royce Otc Micro Stock Up 0.2%

The stock’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $13.65.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.3%. 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.

Hedge Funds Weigh In On Royce Otc Micro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Royce Otc Micro during the 1st quarter worth about $3,393,000. Waterfront Wealth Inc. acquired a new position in shares of Royce Otc Micro in the 1st quarter valued at about $2,361,000. Evolve Private Wealth LLC purchased a new stake in shares of Royce Otc Micro in the second quarter worth about $1,647,000. Bank of America Corp DE purchased a new stake in shares of Royce Otc Micro in the second quarter worth about $8,821,000. Finally, Bard Associates Inc. purchased a new stake in shares of Royce Otc Micro in the second quarter worth about $1,813,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a publicly traded closed-end investment company focused on long-term growth of capital. The fund invests primarily in shares of U.S. micro-cap companies, generally emphasizing businesses that Royce’s investment team believes have the potential for sustainable growth and attractive long-term returns.

The trust provides investors with diversified exposure to smaller publicly traded companies across a range of industries. Its portfolio may include common stocks and other equity-related investments, with security selection based on fundamental research and analysis of factors such as business quality, financial condition, valuation and growth prospects.

RMT is managed by Royce Investment Partners, an investment management firm known for its focus on small-cap and micro-cap equities.