Royce Otc Micro (NYSE:RMT) Reaches New 1-Year High – Time to Buy?

Royce Otc Micro (NYSE:RMT) reached a new 52-week high on Wednesday . The company traded as high as $12.16 and last traded at $12.1360, with a volume of 77818 shares trading hands. The stock had previously closed at $12.00.

Royce Otc Micro Stock Performance

The company has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $10.55.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Thursday, December 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On Royce Otc Micro

Hedge funds have recently made changes to their positions in the business. Revolve Wealth Partners LLC purchased a new stake in shares of Royce Otc Micro in the 4th quarter valued at $148,000. Royal Bank of Canada lifted 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 worth $1,753,000 after purchasing an additional 10,290 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Royce Otc Micro by 9.6% in the first quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,675 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Royce Otc Micro by 6.9% during the second quarter. Janney Montgomery Scott LLC now owns 26,640 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,730 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in shares of Royce Otc Micro by 28.2% during the second quarter. Wolverine Asset Management LLC now owns 492,646 shares of the financial services provider’s stock valued at $4,557,000 after buying an additional 108,516 shares during the last quarter. 34.98% of the stock is currently 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.