LPL Financial LLC Grows Holdings in ROYCE OTC MICRO (NYSE:RMT)

Key Points

• LPL Financial LLC increased its stake in ROYCE OTC MICRO by 13.3%, owning 1.32% of the company worth approximately $5.66 million after acquiring 78,528 additional shares in Q1.
• Recent dividend declared by the company stands at $0.18 per share, translating to an annualized dividend of $0.72 with a yield of 7.4%.
• The stock price of ROYCE OTC MICRO has seen a recent increase of 3.0%, with a current trading range between a 52-week low of $7.25 and a high of $10.43.

LPL Financial LLC increased its position in ROYCE OTC MICRO (NYSE:RMT - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671,106 shares of the financial services provider's stock after buying an additional 78,528 shares during the quarter. LPL Financial LLC owned 1.32% of ROYCE OTC MICRO worth $5,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RMT. Oppenheimer & Co. Inc. bought a new position in ROYCE OTC MICRO during the 1st quarter valued at about $124,000. Revolve Wealth Partners LLC purchased a new stake in shares of ROYCE OTC MICRO during the 4th quarter valued at about $148,000. Comprehensive Money Management Services LLC purchased a new stake in shares of ROYCE OTC MICRO during the 4th quarter valued at about $149,000. Heritage Wealth Management Inc. purchased a new stake in shares of ROYCE OTC MICRO during the 1st quarter valued at about $166,000. Finally, Advisor Resource Council purchased a new stake in ROYCE OTC MICRO in the 1st quarter worth approximately $301,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

ROYCE OTC MICRO Trading Down 1.0%

RMT traded down $0.10 during trading on Friday, reaching $9.72. 100,452 shares of the company traded hands, compared to its average volume of 109,833. ROYCE OTC MICRO has a 12-month low of $7.25 and a 12-month high of $10.43. The firm has a fifty day simple moving average of $9.37 and a 200 day simple moving average of $8.96.

ROYCE OTC MICRO Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Thursday, June 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.