Comprehensive Money Management Services LLC Purchases Shares of 41,715 Royce Otc Micro $RMT

Comprehensive Money Management Services LLC acquired a new position in Royce Otc Micro (NYSE:RMT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,715 shares of the financial services provider’s stock, valued at approximately $611,000. Comprehensive Money Management Services LLC owned approximately 0.08% of Royce Otc Micro as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hara Capital LLC purchased a new stake in Royce Otc Micro during the 2nd quarter worth $33,000. International Assets Investment Management LLC purchased a new stake in shares of Royce Otc Micro in the fourth quarter worth about $31,000. Advisory Services Network LLC acquired a new stake in shares of Royce Otc Micro in the third quarter valued at about $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter valued at about $40,000. Finally, Heritage Financial Services LLC purchased a new stake in shares of Royce Otc Micro during the 4th quarter valued at about $105,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Performance

NYSE RMT opened at $14.22 on Friday. Royce Otc Micro has a fifty-two week low of $9.52 and a fifty-two week high of $14.78. The business has a 50 day moving average price of $14.12 and a two-hundred day moving average price of $13.19.

Royce Otc Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.9%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, June 11th.

Insider Buying and Selling at Royce Otc Micro

In other news, insider John E. Denneen purchased 4,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $13.70 per share, with a total value of $54,800.00. Following the acquisition, the insider owned 12,232 shares in the company, valued at approximately $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

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.