Sapient Capital LLC Sells 45,825 Shares of Royce Otc Micro $RMT

Key Points

• Sapient Capital LLC has reduced its stake in Royce Otc Micro ($RMT) by 50%, now holding approximately 0.09% of the company after selling 45,825 shares.
• Other institutional investors, including Oppenheimer & Co. Inc. and Comprehensive Money Management Services LLC, have recently made new acquisitions in Royce Otc Micro, indicating increased interest in the stock.
• Royce Otc Micro announced a quarterly dividend of $0.18 per share, which equates to an annual yield of 7.0%, with the payment date set for September 25th.

Sapient Capital LLC trimmed its position in Royce Otc Micro (NYSE:RMT - Free Report) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,880 shares of the financial services provider's stock after selling 45,825 shares during the quarter. Sapient Capital LLC owned 0.09% of Royce Otc Micro worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RMT. Elequin Capital LP bought a new position in Royce Otc Micro in the first quarter valued at approximately $51,000. Eisler Capital Management Ltd. acquired a new position in shares of Royce Otc Micro during the first quarter worth $84,000. Oppenheimer & Co. Inc. acquired a new position in shares of Royce Otc Micro during the first quarter worth $124,000. Revolve Wealth Partners LLC acquired a new position in shares of Royce Otc Micro during the fourth quarter worth $148,000. Finally, Comprehensive Money Management Services LLC acquired a new position in shares of Royce Otc Micro during the fourth quarter worth $149,000. 34.98% of the stock is owned by institutional investors.

Royce Otc Micro Stock Performance

NYSE RMT traded down $0.01 on Friday, reaching $10.43. The company had a trading volume of 124,953 shares, compared to its average volume of 124,528. Royce Otc Micro has a fifty-two week low of $7.25 and a fifty-two week high of $10.50. The business has a 50 day moving average of $9.85 and a two-hundred day moving average of $9.04.

Royce Otc Micro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be given a dividend of $0.18 per share. 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%.

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.