Diversify Advisory Services LLC Acquires Shares of 64,652 Royce Otc Micro $RMT

Diversify Advisory Services LLC acquired a new stake in Royce Otc Micro (NYSE:RMT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 64,652 shares of the financial services provider’s stock, valued at approximately $888,000.

Several other institutional investors have also modified their holdings of RMT. Revolve Wealth Partners LLC acquired a new position in shares of Royce Otc Micro during the fourth quarter worth $148,000. Royal Bank of Canada raised its stake in Royce Otc Micro by 5.2% in the first quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider’s stock valued at $1,753,000 after buying an additional 10,290 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Royce Otc Micro by 9.6% during the 1st quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider’s stock worth $257,000 after buying an additional 2,675 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Royce Otc Micro by 6.6% during the 2nd quarter. Guggenheim Capital LLC now owns 82,969 shares of the financial services provider’s stock worth $767,000 after buying an additional 5,122 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Royce Otc Micro by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider’s stock worth $4,939,000 after acquiring an additional 2,860 shares in the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

Royce Otc Micro Stock Down 1.3%

NYSE:RMT opened at $14.06 on Friday. Royce Otc Micro has a 1 year low of $9.52 and a 1 year high of $14.78. The stock has a 50-day simple moving average of $14.11 and a 200-day simple moving average of $13.10.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, June 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 6.0%.

Insider Transactions at Royce Otc Micro

In other Royce Otc Micro news, insider John E. Denneen purchased 4,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $13.70 per share, with a total value of $54,800.00. Following the completion of the acquisition, the insider directly owned 12,232 shares of the company’s stock, valued at $167,578.40. This trade represents a 48.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by company insiders.

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.