Rivernorth Capital Management LLC Has $11.92 Million Stock Holdings in Royce Otc Micro $RMT

Rivernorth Capital Management LLC decreased its holdings in Royce Otc Micro (NYSE:RMT) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 813,982 shares of the financial services provider’s stock after selling 84,568 shares during the period. Rivernorth Capital Management LLC’s holdings in Royce Otc Micro were worth $11,917,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Hara Capital LLC bought a new stake in shares of Royce Otc Micro during the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new stake in shares of Royce Otc Micro during the 4th quarter valued at approximately $31,000. Advisory Services Network LLC bought a new stake in shares of Royce Otc Micro during the 3rd quarter valued at approximately $36,000. Kestra Advisory Services LLC acquired a new position in Royce Otc Micro during the 4th quarter worth approximately $40,000. Finally, Heritage Financial Services LLC bought a new position in Royce Otc Micro in the 4th quarter valued at approximately $105,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Insiders Place Their Bets

In other news, insider John E. Denneen purchased 4,000 shares of the company’s stock in a transaction dated 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 trade represents a 48.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Royce Otc Micro Trading Down 0.1%

Shares of RMT opened at $13.98 on Monday. Royce Otc Micro has a 52 week low of $9.52 and a 52 week high of $14.78. The stock has a fifty day moving average of $14.12 and a 200-day moving average of $13.21.

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.