Blue Bell Private Wealth Management LLC Acquires 29,481 Shares of ROYCE OTC MICRO (NYSE:RMT)

Blue Bell Private Wealth Management LLC raised its stake in ROYCE OTC MICRO (NYSE:RMT - Free Report) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 461,992 shares of the financial services provider's stock after buying an additional 29,481 shares during the quarter. ROYCE OTC MICRO comprises approximately 0.7% of Blue Bell Private Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding. Blue Bell Private Wealth Management LLC owned 0.91% of ROYCE OTC MICRO worth $3,895,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RMT. Modern Wealth Management LLC bought a new position in ROYCE OTC MICRO during the 4th quarter worth approximately $10,142,000. Raymond James Financial Inc. bought a new stake in shares of ROYCE OTC MICRO during the 4th quarter worth $3,469,000. LPL Financial LLC raised its stake in ROYCE OTC MICRO by 86.7% in the 4th quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider's stock valued at $5,778,000 after acquiring an additional 275,117 shares during the period. Shaker Financial Services LLC grew its holdings in ROYCE OTC MICRO by 18.7% during the 4th quarter. Shaker Financial Services LLC now owns 734,786 shares of the financial services provider's stock valued at $7,164,000 after buying an additional 115,516 shares in the last quarter. Finally, Logan Stone Capital LLC grew its holdings in ROYCE OTC MICRO by 181.7% during the 4th quarter. Logan Stone Capital LLC now owns 91,912 shares of the financial services provider's stock valued at $896,000 after buying an additional 59,288 shares in the last quarter. Institutional investors own 34.98% of the company's stock.

ROYCE OTC MICRO Stock Up 1.2%

RMT traded up $0.12 during midday trading on Wednesday, hitting $9.67. The stock had a trading volume of 62,176 shares, compared to its average volume of 121,768. The business has a fifty day moving average of $9.06 and a 200 day moving average of $9.00. ROYCE OTC MICRO has a 1 year low of $7.25 and a 1 year high of $10.43.

ROYCE OTC MICRO Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.72 annualized dividend and a dividend yield of 7.45%.

Insider Buying and Selling

In other ROYCE OTC MICRO news, insider Charles M. Royce sold 43,229 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $8.31, for a total transaction of $359,232.99. Following the completion of the sale, the insider directly owned 798,970 shares in the company, valued at $6,639,440.70. The trade was a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

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.