John Denneen Buys 4,000 Shares of Royce Otc Micro (NYSE:RMT) Stock

Royce Otc Micro (NYSE:RMT) insider John Denneen purchased 4,000 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $54,800.00. Following the transaction, the insider owned 12,232 shares of the company’s stock, valued at approximately $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Royce Otc Micro Stock Performance

Shares of NYSE RMT traded up $0.02 during midday trading on Monday, hitting $13.76. The company’s stock had a trading volume of 69,103 shares, compared to its average volume of 140,289. The stock has a fifty day moving average price of $13.01 and a 200 day moving average price of $11.84. Royce Otc Micro has a one year low of $8.66 and a one year high of $14.30.

Royce Otc Micro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 11th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 6.1%. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 11th.

Institutional Trading of Royce Otc Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of RMT. International Assets Investment Management LLC bought a new stake in Royce Otc Micro during the 4th quarter worth approximately $31,000. Advisory Services Network LLC bought a new stake in Royce Otc Micro during the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC bought a new stake in Royce Otc Micro during the 4th quarter worth approximately $40,000. Heritage Financial Services LLC bought a new stake in Royce Otc Micro during the 4th quarter worth approximately $105,000. Finally, Verus Capital Partners LLC increased its holdings in Royce Otc Micro by 13.4% during the 3rd quarter. Verus Capital Partners LLC now owns 13,150 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,557 shares during the period. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Company Profile

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.