Royce Otc Micro (NYSE:RMT) Hits New 52-Week High – Here’s What Happened

Royce Otc Micro (NYSE:RMT) reached a new 52-week high on Monday . The company traded as high as $14.42 and last traded at $14.4050, with a volume of 228153 shares. The stock had previously closed at $14.12.

Royce Otc Micro Stock Performance

The stock has a 50 day simple moving average of $13.65 and a two-hundred day simple moving average of $12.24.

Royce Otc Micro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 11th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.8%. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, June 11th.

Insider Transactions at Royce Otc Micro

In other news, insider John E. Denneen bought 4,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $13.70 per share, with a total value of $54,800.00. Following the purchase, the insider directly owned 12,232 shares in the company, valued at $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Royce Otc Micro

A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in Royce Otc Micro in the 4th quarter valued at approximately $31,000. Advisory Services Network LLC bought a new stake in Royce Otc Micro in the third quarter valued at approximately $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Royce Otc Micro during the 4th quarter worth approximately $40,000. Heritage Financial Services LLC acquired a new stake in Royce Otc Micro in the 4th quarter valued at $105,000. Finally, Closed End Fund Advisors Inc. purchased a new position in shares of Royce Otc Micro in the 4th quarter worth approximately $144,000. 34.98% of the stock is owned by institutional investors.

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.