Traub Capital Management LLC Takes $306,000 Position in Royce Otc Micro $RMT

Traub Capital Management LLC acquired a new position in Royce Otc Micro (NYSE:RMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,039 shares of the financial services provider’s stock, valued at approximately $306,000. Traub Capital Management LLC owned 0.07% of Royce Otc Micro as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new stake in shares of Royce Otc Micro during the 1st quarter worth approximately $51,000. Eisler Capital Management Ltd. bought a new stake in shares of Royce Otc Micro during the 1st quarter valued at $84,000. Verus Capital Partners LLC acquired a new position in shares of Royce Otc Micro in the 2nd quarter valued at $107,000. JFS Wealth Advisors LLC bought a new position in shares of Royce Otc Micro in the 2nd quarter worth $129,000. Finally, Revolve Wealth Partners LLC acquired a new stake in shares of Royce Otc Micro during the fourth quarter worth $148,000. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Otc Micro Trading Up 0.1%

NYSE RMT opened at $9.73 on Wednesday. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $10.88. The stock has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $9.68.

Royce Otc Micro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Friday, September 12th.

Insiders Place Their Bets

In related news, insider Charles M. Royce sold 200,000 shares of Royce Otc Micro stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total transaction of $2,054,000.00. Following the transaction, the insider owned 596,926 shares of the company’s stock, valued at $6,130,430.02. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Royce Otc Micro Company Profile

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.