Roberts Glore & Co. Inc. IL Invests $809,000 in Royce Otc Micro $RMT

Roberts Glore & Co. Inc. IL acquired a new stake in Royce Otc Micro (NYSE:RMT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,290 shares of the financial services provider’s stock, valued at approximately $809,000.

Other large investors have also added to or reduced their stakes in the company. Saba Capital Management L.P. boosted its position in Royce Otc Micro by 13.4% during the 1st quarter. Saba Capital Management L.P. now owns 2,965,400 shares of the financial services provider’s stock worth $33,539,000 after buying an additional 350,491 shares during the period. UBS Group AG increased its position in Royce Otc Micro by 1.2% in the 3rd quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock valued at $10,846,000 after acquiring an additional 12,378 shares during the period. LPL Financial LLC raised its stake in shares of Royce Otc Micro by 26.2% during the fourth quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock valued at $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Royce Otc Micro by 1.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,014,463 shares of the financial services provider’s stock valued at $11,474,000 after acquiring an additional 11,524 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. lifted its holdings in shares of Royce Otc Micro by 1.9% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider’s stock worth $10,102,000 after purchasing an additional 18,353 shares during the period. Institutional investors own 34.98% of the company’s stock.

Insider Activity at Royce Otc Micro

In related news, insider John E. Denneen purchased 4,000 shares of Royce Otc Micro stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the transaction, the insider owned 12,232 shares of the company’s stock, valued at approximately $167,578.40. This represents a 48.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Royce Otc Micro Price Performance

Shares of Royce Otc Micro stock opened at $14.19 on Wednesday. Royce Otc Micro has a twelve month low of $9.52 and a twelve month high of $14.78. The company’s fifty day moving average is $14.12 and its 200 day moving average is $13.16.

Royce Otc Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 11th. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19.

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.