Wolverine Asset Management LLC Increases Stock Position in ROYCE OTC MICRO $RMT

Wolverine Asset Management LLC lifted its position in shares of ROYCE OTC MICRO (NYSE:RMT) by 28.2% during the second quarter, Holdings Channel reports. The firm owned 492,646 shares of the financial services provider’s stock after acquiring an additional 108,516 shares during the period. Wolverine Asset Management LLC’s holdings in ROYCE OTC MICRO were worth $4,557,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RMT. Allspring Global Investments Holdings LLC lifted its position in shares of ROYCE OTC MICRO by 7.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 745,898 shares of the financial services provider’s stock worth $6,288,000 after buying an additional 50,461 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of ROYCE OTC MICRO during the first quarter valued at approximately $124,000. Blue Bell Private Wealth Management LLC lifted its holdings in ROYCE OTC MICRO by 6.8% during the first quarter. Blue Bell Private Wealth Management LLC now owns 461,992 shares of the financial services provider’s stock worth $3,895,000 after acquiring an additional 29,481 shares during the period. Modern Wealth Management LLC boosted its position in ROYCE OTC MICRO by 11.0% in the first quarter. Modern Wealth Management LLC now owns 1,074,754 shares of the financial services provider’s stock worth $9,060,000 after purchasing an additional 106,092 shares during the last quarter. Finally, LPL Financial LLC boosted its position in ROYCE OTC MICRO by 13.3% in the first quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider’s stock worth $5,657,000 after purchasing an additional 78,528 shares during the last quarter. 34.98% of the stock is owned by institutional investors.

ROYCE OTC MICRO Stock Down 1.0%

Shares of ROYCE OTC MICRO stock opened at $10.50 on Friday. ROYCE OTC MICRO has a 1 year low of $7.25 and a 1 year high of $10.88. The stock has a fifty day moving average price of $10.37 and a 200-day moving average price of $9.47.

ROYCE OTC MICRO Announces Dividend

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

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.