Allspring Global Investments Holdings LLC Grows Stake in ROYCE OTC MICRO (NYSE:RMT)

Allspring Global Investments Holdings LLC raised its stake in shares of ROYCE OTC MICRO (NYSE:RMT - Free Report) by 7.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 745,898 shares of the financial services provider's stock after buying an additional 50,461 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.47% of ROYCE OTC MICRO worth $6,288,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of ROYCE OTC MICRO during the first quarter worth $124,000. Revolve Wealth Partners LLC acquired a new stake in shares of ROYCE OTC MICRO during the fourth quarter worth $148,000. Comprehensive Money Management Services LLC acquired a new stake in shares of ROYCE OTC MICRO during the fourth quarter worth $149,000. Jaffetilchin Investment Partners LLC boosted its holdings in shares of ROYCE OTC MICRO by 12.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,418 shares of the financial services provider's stock worth $150,000 after purchasing an additional 1,714 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of ROYCE OTC MICRO by 107.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider's stock worth $203,000 after purchasing an additional 10,812 shares during the last quarter. Institutional investors and hedge funds own 34.98% of the company's stock.

ROYCE OTC MICRO Trading Up 0.8%

Shares of RMT traded up $0.08 during trading hours on Wednesday, hitting $9.64. The stock had a trading volume of 138,149 shares, compared to its average volume of 121,884. The company's fifty day simple moving average is $8.88 and its 200 day simple moving average is $9.03. ROYCE OTC MICRO has a 12-month low of $7.25 and a 12-month high of $10.43.

ROYCE OTC MICRO Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.47%. The ex-dividend date was Thursday, June 12th.

Insider Buying and Selling at ROYCE OTC MICRO

In related news, insider Charles M. Royce sold 43,229 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $8.31, for a total value of $359,232.99. Following the transaction, the insider directly owned 798,970 shares of the company's stock, valued at approximately $6,639,440.70. This trade represents a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

ROYCE OTC MICRO Profile

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.