Royce Otc Micro (NYSE:RMT) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Royce Otc Micro (NYSE:RMTGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.01 and traded as high as $10.46. Royce Otc Micro shares last traded at $10.42, with a volume of 113,356 shares traded.

Royce Otc Micro Stock Down 0.4%

The company’s 50 day simple moving average is $10.01 and its 200 day simple moving average is $9.14.

Royce Otc Micro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 6.9%.

Institutional Trading of Royce Otc Micro

Institutional investors have recently made changes to their positions in the stock. Elequin Capital LP purchased a new stake in shares of Royce Otc Micro during the 1st quarter valued at $51,000. Eisler Capital Management Ltd. purchased a new stake in shares of Royce Otc Micro during the 1st quarter valued at $84,000. Verus Capital Partners LLC purchased a new stake in shares of Royce Otc Micro during the 2nd quarter valued at $107,000. JFS Wealth Advisors LLC purchased a new stake in shares of Royce Otc Micro during the 2nd quarter valued at $129,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Royce Otc Micro during the 1st quarter valued at $124,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

About Royce Otc Micro

(Get Free Report)

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.

Further Reading

Receive News & Ratings for Royce Otc Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royce Otc Micro and related companies with MarketBeat.com's FREE daily email newsletter.