Royce Otc Micro (NYSE:RMT) Sets New 52-Week High – Still a Buy?

Royce Otc Micro (NYSE:RMT)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.90 and last traded at $11.87, with a volume of 108049 shares traded. The stock had previously closed at $11.77.

Royce Otc Micro Price Performance

The firm’s 50 day moving average price is $11.08 and its 200-day moving average price is $10.48.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.18. This represents a $0.96 annualized dividend and a dividend yield of 8.0%.

Institutional Investors Weigh In On Royce Otc Micro

Several hedge funds and other institutional investors have recently made changes to their positions in RMT. International Assets Investment Management LLC bought a new position 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 valued at approximately $33,000. Advisory Services Network LLC acquired a new stake in Royce Otc Micro in the third quarter worth $36,000. Heritage Financial Services LLC acquired a new position in Royce Otc Micro in the fourth quarter valued at about $105,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Royce Otc Micro in the 2nd quarter valued at approximately $107,000. 34.98% of the stock is owned by institutional investors and hedge funds.

About Royce Otc Micro

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.