Bard Associates Inc. Buys Shares of 123,838 Royce Otc Micro $RMT

Key Points

• Bard Associates acquired 123,838 shares of Royce Micro-Cap Trust (RMT) during the second quarter, valued at approximately $1.81 million and representing about 0.24% of the trust.
• Institutional investors and hedge funds own 34.98% of RMT, while several firms recently initiated positions; an insider also purchased 4,000 shares.
• RMT traded at $14.15, near its 52-week high, and increased its quarterly dividend to $0.21 per share, implying an annualized dividend of $0.84 and a 5.9% yield.

Bard Associates Inc. bought a new position in shares of Royce Otc Micro (NYSE:RMT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 123,838 shares of the financial services provider's stock, valued at approximately $1,813,000. Bard Associates Inc. owned about 0.24% of Royce Otc Micro as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Royce Otc Micro during the 4th quarter worth about $31,000. Hara Capital LLC acquired a new position in shares of Royce Otc Micro in the second quarter worth $33,000. Advisory Services Network LLC acquired a new position in shares of Royce Otc Micro during the third quarter worth about $36,000. Kestra Advisory Services LLC acquired a new position in shares of Royce Otc Micro during the fourth quarter worth about $40,000. Finally, Heritage Financial Services LLC purchased a new stake in shares of Royce Otc Micro during the fourth quarter worth approximately $105,000. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Otc Micro Price Performance

Royce Otc Micro stock opened at $14.15 on Friday. Royce Otc Micro has a fifty-two week low of $9.52 and a fifty-two week high of $14.78. The stock has a 50-day simple moving average of $14.11 and a 200-day simple moving average of $13.11.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from Royce Otc Micro's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, June 11th.

Insider Activity at Royce Otc Micro

In other Royce Otc Micro news, insider John E. Denneen bought 4,000 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the completion of the purchase, the insider owned 12,232 shares of the company's stock, valued at approximately $167,578.40. This represents a 48.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company's stock.

Royce Otc Micro Company Profile

Royce Micro-Cap Trust, Inc NYSE: RMT is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.

Want to see what other hedge funds are holding RMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royce Otc Micro (NYSE:RMT - Free Report).

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