Allspring Global Investments Holdings LLC Purchases 87,000 Shares of ROYCE OTC MICRO $RMT

Key Points

• Allspring Global Investments Holdings LLC increased its stake in ROYCE OTC MICRO by 11.7%, purchasing an additional 87,000 shares to own a total of 832,898 shares valued at approximately $7.7 million.
• The company declared a quarterly dividend of $0.18 per share, representing a 6.9% dividend yield based on an annualized dividend of $0.72.
• ROYCE OTC MICRO's stock has seen a price range over the past year with a low of $7.25 and a high of $10.71, currently trading around $10.37.

Allspring Global Investments Holdings LLC increased its stake in shares of ROYCE OTC MICRO (NYSE:RMT - Free Report) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 832,898 shares of the financial services provider's stock after purchasing an additional 87,000 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.64% of ROYCE OTC MICRO worth $7,704,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RMT. Shaker Financial Services LLC grew its stake in shares of ROYCE OTC MICRO by 23.5% during the first 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 last quarter. Modern Wealth Management LLC grew its stake in shares of ROYCE OTC MICRO by 11.0% during the first quarter. Modern Wealth Management LLC now owns 1,074,754 shares of the financial services provider's stock valued at $9,060,000 after purchasing an additional 106,092 shares during the last quarter. LPL Financial LLC grew its stake in shares of ROYCE OTC MICRO by 13.3% during the first quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider's stock valued at $5,657,000 after purchasing an additional 78,528 shares during the last quarter. Readystate Asset Management LP grew its stake in shares of ROYCE OTC MICRO by 159.2% during the first quarter. Readystate Asset Management LP now owns 88,772 shares of the financial services provider's stock valued at $748,000 after purchasing an additional 54,518 shares during the last quarter. Finally, Advisor Resource Council bought a new stake in shares of ROYCE OTC MICRO during the first quarter valued at approximately $301,000. 34.98% of the stock is owned by institutional investors.

ROYCE OTC MICRO Price Performance

RMT opened at $10.37 on Monday. ROYCE OTC MICRO has a one year low of $7.25 and a one year high of $10.71. The company's 50 day simple moving average is $10.21 and its 200-day simple moving average is $9.30.

ROYCE OTC MICRO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, September 12th.

ROYCE OTC MICRO Company 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.

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