Shaker Financial Services LLC Boosts Stock Holdings in ROYCE OTC MICRO (NYSE:RMT)

Key Points

• Shaker Financial Services LLC increased its stake in ROYCE OTC MICRO by 23.5%, acquiring an additional 172,411 shares, bringing its total to 907,197 shares, which represents approximately 3.0% of its investment portfolio.
• Institutional investors collectively own 34.98% of ROYCE OTC MICRO, with several firms also reported to have made significant purchases and increases in their holdings during the last quarter.
• ROYCE OTC MICRO's recent quarterly dividend was $0.18 per share, yielding 7.6%, despite the company previously cutting its dividend.

Shaker Financial Services LLC grew its stake in shares of ROYCE OTC MICRO (NYSE:RMT - Free Report) by 23.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 907,197 shares of the financial services provider's stock after purchasing an additional 172,411 shares during the period. ROYCE OTC MICRO makes up 3.0% of Shaker Financial Services LLC's investment portfolio, making the stock its 3rd biggest holding. Shaker Financial Services LLC owned about 1.79% of ROYCE OTC MICRO worth $7,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in 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 purchasing an additional 50,461 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in ROYCE OTC MICRO by 101.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 58,426 shares of the financial services provider's stock valued at $493,000 after buying an additional 29,416 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in ROYCE OTC MICRO during the 1st quarter valued at $124,000. Blue Bell Private Wealth Management LLC boosted its holdings in 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 worth $3,895,000 after acquiring an additional 29,481 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of ROYCE OTC MICRO by 4.9% during the fourth quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider's stock valued at $4,918,000 after purchasing an additional 23,550 shares in the last quarter. Institutional investors own 34.98% of the company's stock.

ROYCE OTC MICRO Stock Performance

Shares of RMT stock traded down $0.08 during trading on Thursday, hitting $9.40. The company's stock had a trading volume of 77,393 shares, compared to its average volume of 121,638. The business has a fifty day moving average of $9.27 and a 200-day moving average of $8.98. ROYCE OTC MICRO has a 52 week low of $7.25 and a 52 week high of $10.43.

ROYCE OTC MICRO Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.7%. 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.