Royce Otc Micro $RMT Holdings Decreased by Punch & Associates Investment Management Inc.

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. cut its holdings in shares of Royce Otc Micro (NYSE:RMT - Free Report) by 43.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 610,323 shares of the financial services provider's stock after selling 476,012 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 1.20% of Royce Otc Micro worth $5,145,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RMT. Shaker Financial Services LLC raised its stake in Royce Otc Micro by 23.5% during the first quarter. Shaker Financial Services LLC now owns 907,197 shares of the financial services provider's stock worth $7,648,000 after acquiring an additional 172,411 shares during the period. LPL Financial LLC increased its stake in Royce Otc Micro by 13.3% during the 1st quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider's stock valued at $5,657,000 after buying an additional 78,528 shares during the period. Logan Stone Capital LLC lifted its position in Royce Otc Micro by 181.7% in the fourth quarter. Logan Stone Capital LLC now owns 91,912 shares of the financial services provider's stock worth $896,000 after purchasing an additional 59,288 shares during the period. Readystate Asset Management LP grew its holdings in Royce Otc Micro by 159.2% during the first quarter. Readystate Asset Management LP now owns 88,772 shares of the financial services provider's stock worth $748,000 after acquiring an additional 54,518 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Royce Otc Micro by 7.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 745,898 shares of the financial services provider's stock valued at $6,288,000 after purchasing an additional 50,461 shares in the last quarter. Institutional investors own 34.98% of the company's stock.

Royce Otc Micro Stock Up 1.7%

RMT stock traded up $0.17 on Thursday, hitting $10.43. 101,590 shares of the company's stock traded hands, compared to its average volume of 138,043. Royce Otc Micro has a 1-year low of $7.25 and a 1-year high of $10.45. The stock has a fifty day moving average of $9.76 and a 200-day moving average of $8.98.

Royce Otc Micro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.72 dividend on an annualized basis and a yield of 6.9%.

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.