Evolve Private Wealth LLC acquired a new position in shares of Royce Otc Micro (NYSE:RMT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 112,472 shares of the financial services provider's stock, valued at approximately $1,647,000. Evolve Private Wealth LLC owned 0.21% of Royce Otc Micro at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saba Capital Management L.P. lifted its position in shares of Royce Otc Micro by 13.4% during the 1st quarter. Saba Capital Management L.P. now owns 2,965,400 shares of the financial services provider's stock valued at $33,539,000 after acquiring an additional 350,491 shares during the period. UBS Group AG increased its position in shares of Royce Otc Micro by 1.2% in the third quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider's stock worth $10,846,000 after purchasing an additional 12,378 shares during the period. LPL Financial LLC increased its position in shares of Royce Otc Micro by 26.2% in the fourth quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider's stock worth $10,662,000 after purchasing an additional 212,322 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Royce Otc Micro by 1.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,014,463 shares of the financial services provider's stock valued at $11,474,000 after purchasing an additional 11,524 shares in the last quarter. Finally, Alexander Randolph Advisory Inc. raised its stake in Royce Otc Micro by 1.9% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 968,549 shares of the financial services provider's stock valued at $10,102,000 after purchasing an additional 18,353 shares in the last quarter. 34.98% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Royce Otc Micro
In other news, insider John E. Denneen purchased 4,000 shares of Royce Otc Micro stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price 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. The trade was a 48.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.19% of the company's stock.
Royce Otc Micro Trading Up 0.7%
Shares of Royce Otc Micro stock opened at $14.15 on Friday. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78. The firm's 50-day moving average price is $14.11 and its two-hundred day moving average price is $13.11.
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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Thursday, June 11th. This is a boost from Royce Otc Micro's previous quarterly dividend of $0.19.
Royce Otc Micro Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding RMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royce Otc Micro (NYSE:RMT - Free Report).
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