Beacon Pointe Advisors LLC purchased a new stake in Royce Otc Micro (NYSE:RMT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 98,721 shares of the financial services provider's stock, valued at approximately $1,445,000. Beacon Pointe Advisors LLC owned about 0.19% of Royce Otc Micro at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of RMT. Comprehensive Money Management Services LLC purchased a new stake in shares of Royce Otc Micro in the second quarter valued at about $611,000. Punch & Associates Investment Management Inc. acquired a new position in Royce Otc Micro in the 2nd quarter valued at about $7,652,000. Bank of America Corp DE purchased a new stake in Royce Otc Micro during the 2nd quarter valued at approximately $8,821,000. Roberts Glore & Co. Inc. IL purchased a new stake in Royce Otc Micro during the 2nd quarter valued at approximately $809,000. Finally, Commerce Bank purchased a new stake in Royce Otc Micro during the 2nd quarter valued at approximately $435,000. Institutional investors and hedge funds own 34.98% of the company's stock.
Insider Transactions at Royce Otc Micro
In other news, insider John E. Denneen acquired 4,000 shares of the company's stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $13.70 per share, with a total value of $54,800.00. Following the purchase, the insider owned 12,232 shares of the company's stock, valued at $167,578.40. This represents a 48.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company's stock.
Royce Otc Micro Price Performance
NYSE:RMT opened at $13.98 on Monday. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78. The stock's 50 day simple moving average is $14.12 and its 200-day simple moving average is $13.21.
Royce Otc Micro Profile
(
Free Report)
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.
See Also
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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