Readystate Asset Management LP Buys 54,518 Shares of Royce Otc Micro (NYSE:RMT)

Readystate Asset Management LP grew its stake in shares of Royce Otc Micro (NYSE:RMT - Free Report) by 159.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 88,772 shares of the financial services provider's stock after acquiring an additional 54,518 shares during the quarter. Readystate Asset Management LP owned about 0.18% of Royce Otc Micro worth $748,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC lifted its position in shares of Royce Otc Micro by 6.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 461,992 shares of the financial services provider's stock valued at $3,895,000 after acquiring an additional 29,481 shares during the period. Heritage Wealth Management Inc. bought a new stake in shares of Royce Otc Micro during the 1st quarter worth $166,000. Allspring Global Investments Holdings LLC lifted 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 worth $6,288,000 after buying an additional 50,461 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Royce Otc Micro during the 1st quarter worth $124,000. Finally, Advisor Resource Council bought a new stake in shares of Royce Otc Micro during the 1st quarter worth $301,000. 34.98% of the stock is currently owned by institutional investors.

Royce Otc Micro Price Performance

Shares of RMT stock traded up $0.09 on Friday, hitting $9.66. 90,229 shares of the company's stock were exchanged, compared to its average volume of 133,978. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $10.43. The company has a 50 day moving average of $9.13 and a 200 day moving average of $9.00.

Royce Otc Micro Cuts Dividend

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

Insider Buying and Selling

In related news, insider Charles M. Royce sold 43,229 shares of the firm's stock in a transaction that occurred on 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 owned 798,970 shares of the company's stock, valued at $6,639,440.70. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.