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

Shares of Royce Otc Micro (NYSE:RMT) reached a new 52-week high on Wednesday . The company traded as high as $12.16 and last traded at $12.1360, with a volume of 77818 shares. The stock had previously closed at $12.00.

Royce Otc Micro Price Performance

The company has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $10.59.

Royce Otc Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a $0.24 dividend. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, December 11th. This represents a $0.96 annualized dividend and a yield of 7.9%.

Institutional Trading of Royce Otc Micro

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Royce Otc Micro in the 4th quarter worth $31,000. CX Institutional acquired a new position in Royce Otc Micro during the third quarter worth about $33,000. Advisory Services Network LLC purchased a new position in Royce Otc Micro in the 3rd quarter valued at approximately $36,000. Kestra Advisory Services LLC purchased a new position in shares of Royce Otc Micro in the fourth quarter valued at $40,000. Finally, Heritage Financial Services LLC purchased a new position in Royce Otc Micro during the 4th quarter valued at about $105,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.