Royce Otc Micro (NYSE:RMT) Reaches New 12-Month High – Here’s What Happened
by Jessica Moore · The Cerbat GemRoyce Otc Micro (NYSE:RMT – Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $12.51 and last traded at $12.52, with a volume of 58726 shares changing hands. The stock had previously closed at $12.41.
Royce Otc Micro Trading Up 1.5%
The business’s 50-day moving average price is $11.78 and its 200 day moving average price is $11.02.
Royce Otc Micro Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were given a $0.19 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.76 annualized dividend and a yield of 6.0%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in Royce Otc Micro in the fourth quarter worth $31,000. CX Institutional purchased a new position in Royce Otc Micro in the third quarter worth $33,000. Advisory Services Network LLC purchased a new position in Royce Otc Micro in the third quarter worth $36,000. Kestra Advisory Services LLC purchased a new position in Royce Otc Micro in the fourth quarter worth $40,000. Finally, Heritage Financial Services LLC purchased a new position in Royce Otc Micro in the fourth quarter worth $105,000. 34.98% of the stock is currently owned by hedge funds and other 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.