1607 Capital Partners LLC cut its stake in Royce Otc Micro (NYSE:RMT - Free Report) by 61.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Elequin Capital LP purchased a new stake in shares of Royce Otc Micro during the 1st quarter valued at about $51,000. Eisler Capital Management Ltd. purchased a new stake in shares of Royce Otc Micro during the 1st quarter valued at about $84,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Royce Otc Micro during the 1st quarter valued at about $124,000. Revolve Wealth Partners LLC purchased a new stake in shares of Royce Otc Micro during the 4th quarter valued at about $148,000. Finally, Comprehensive Money Management Services LLC purchased a new stake in shares of Royce Otc Micro during the 4th quarter valued at about $149,000. 34.98% of the stock is currently owned by institutional investors.
Royce Otc Micro Price Performance
Shares of NYSE RMT traded up $0.08 during midday trading on Friday, hitting $10.27. 96,539 shares of the company's stock traded hands, compared to its average volume of 138,438. Royce Otc Micro has a 1 year low of $7.25 and a 1 year high of $10.43. The firm has a fifty day moving average of $9.70 and a 200 day moving average of $8.97.
Royce Otc Micro Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be given a dividend of $0.18 per share. 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%.
Royce Otc Micro Company Profile
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Free Report)
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.
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