Royce Otc Micro $RMT Shares Sold by 1607 Capital Partners LLC

Key Points

• 1607 Capital Partners LLC significantly reduced its holdings in Royce Otc Micro by 61.9% in the first quarter, selling 92,858 shares and owning 57,127 shares valued at $482,000.
• New investments in Royce Otc Micro have been made by various hedge funds, with notable stakes of approximately $51,000, $84,000, $124,000, and $149,000 acquired in the first quarter.
• The stock currently trades at $10.10, with a 52-week range between $7.25 and $10.43, indicating some market volatility.

1607 Capital Partners LLC lowered its position in Royce Otc Micro (NYSE:RMT - Free Report) by 61.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,127 shares of the financial services provider's stock after selling 92,858 shares during the quarter. 1607 Capital Partners LLC owned 0.11% of Royce Otc Micro worth $482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Royce Otc Micro by 5.2% during the first quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider's stock worth $1,753,000 after purchasing an additional 10,290 shares during the period. Eisler Capital Management Ltd. bought a new position in Royce Otc Micro during the first quarter worth about $84,000. Elequin Capital LP acquired a new position in shares of Royce Otc Micro in the 1st quarter valued at approximately $51,000. Wolverine Asset Management LLC grew its stake in shares of Royce Otc Micro by 8.5% during the 1st quarter. Wolverine Asset Management LLC now owns 384,130 shares of the financial services provider's stock worth $3,238,000 after acquiring an additional 30,225 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of Royce Otc Micro by 23.5% in the 1st quarter. Shaker Financial Services LLC now owns 907,197 shares of the financial services provider's stock valued at $7,648,000 after purchasing an additional 172,411 shares during the period. Hedge funds and other institutional investors own 34.98% of the company's stock.

Royce Otc Micro Stock Performance

Shares of Royce Otc Micro stock remained flat at $10.29 on Monday. 24,183 shares of the stock were exchanged, compared to its average volume of 138,321. The firm's 50 day simple moving average is $9.70 and its 200 day simple moving average is $8.96. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $10.43.

Royce Otc Micro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 7.0%.

About Royce Otc Micro

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.