Punch & Associates Investment Management Inc. Sells 476,012 Shares of ROYCE OTC MICRO $RMT

Key Points

• Punch & Associates Investment Management Inc. reduced its holdings in Royce Otc Micro by 43.8%, now owning approximately 610,323 shares valued at $5,145,000.
• Other institutional investors, such as Shaker Financial Services LLC and Allspring Global Investments, have increased their investments in Royce Otc Micro, indicating a mixed sentiment among large shareholders.
• Royce Otc Micro announced a quarterly $0.18 dividend, representing an annualized dividend yield of 7.0%, with the ex-dividend date set for September 12th.

Punch & Associates Investment Management Inc. trimmed its holdings in shares of ROYCE OTC MICRO (NYSE:RMT - Free Report) by 43.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 610,323 shares of the financial services provider's stock after selling 476,012 shares during the period. Punch & Associates Investment Management Inc. owned approximately 1.20% of ROYCE OTC MICRO worth $5,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RMT. Elequin Capital LP acquired a new position in ROYCE OTC MICRO in the 1st quarter valued at approximately $51,000. Eisler Capital Management Ltd. purchased a new position in shares of ROYCE OTC MICRO during the 1st quarter valued at $84,000. Oppenheimer & Co. Inc. acquired a new position in shares of ROYCE OTC MICRO in the first quarter worth $124,000. Revolve Wealth Partners LLC purchased a new stake in shares of ROYCE OTC MICRO during the fourth quarter worth $148,000. Finally, Comprehensive Money Management Services LLC acquired a new position in ROYCE OTC MICRO in the 4th quarter worth about $149,000. 34.98% of the stock is currently owned by institutional investors and hedge funds.

ROYCE OTC MICRO Stock Performance

RMT stock traded down $0.04 during trading hours on Wednesday, hitting $10.25. The company's stock had a trading volume of 68,850 shares, compared to its average volume of 138,630. The stock has a 50 day moving average price of $9.76 and a two-hundred day moving average price of $8.98. ROYCE OTC MICRO has a 12 month low of $7.25 and a 12 month high of $10.43.

ROYCE OTC MICRO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, September 12th.

ROYCE OTC MICRO 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.