AQR Arbitrage LLC Sells 92,034 Shares of Royce Otc Micro $RMT

Key Points

• AQR Arbitrage LLC reduced its holdings in Royce Otc Micro ($RMT) by 62.5%, selling 92,034 shares and owning a total of 55,322 shares now valued at approximately $466,000.
• Royce Otc Micro announced a quarterly dividend of $0.18 per share, with a dividend yield of 7.2% based on the annualized figure.
• As of the latest figures, Royce Otc Micro's stock is down 0.8%, trading at $10.02, with a 52-week range of $7.25 to $10.43.

AQR Arbitrage LLC decreased its holdings in Royce Otc Micro (NYSE:RMT - Free Report) by 62.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,322 shares of the financial services provider's stock after selling 92,034 shares during the period. AQR Arbitrage LLC owned about 0.11% of Royce Otc Micro worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stifel Financial Corp increased its stake in Royce Otc Micro by 10.3% in the fourth quarter. Stifel Financial Corp now owns 60,831 shares of the financial services provider's stock worth $593,000 after purchasing an additional 5,681 shares during the period. Elequin Capital LP purchased a new stake in Royce Otc Micro in the first quarter worth $51,000. Eisler Capital Management Ltd. purchased a new stake in Royce Otc Micro in the first quarter worth $84,000. Royal Bank of Canada increased its stake in Royce Otc Micro by 5.2% in 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. Finally, Quantedge Capital Pte Ltd increased its stake in Royce Otc Micro by 27.8% in the fourth quarter. Quantedge Capital Pte Ltd now owns 56,497 shares of the financial services provider's stock worth $551,000 after purchasing an additional 12,300 shares during the period. Hedge funds and other institutional investors own 34.98% of the company's stock.

Royce Otc Micro Stock Performance

RMT stock traded down $0.03 during midday trading on Tuesday, reaching $10.29. The company's stock had a trading volume of 38,057 shares, compared to its average volume of 137,962. The stock has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $8.96. Royce Otc Micro has a 1 year low of $7.25 and a 1 year high of $10.43.

Royce Otc Micro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.72 dividend on an annualized basis and a 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.