Royce Otc Micro (NYSE:RMT) is Shaker Financial Services LLC's 3rd Largest Position

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 lifted its holdings in shares of Royce Otc Micro (NYSE:RMT - Free Report) by 23.5% in the first quarter, according to the company in its most recent 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 quarter. Royce Otc Micro comprises approximately 3.0% of Shaker Financial Services LLC's investment portfolio, making the stock its 3rd biggest position. Shaker Financial Services LLC owned 1.79% of Royce Otc Micro worth $7,648,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Oppenheimer & Co. Inc. purchased a new position in Royce Otc Micro during the 1st quarter worth approximately $124,000. Revolve Wealth Partners LLC acquired a new position in shares of Royce Otc Micro in the fourth quarter worth $148,000. Comprehensive Money Management Services LLC acquired a new position in shares of Royce Otc Micro in the fourth quarter worth $149,000. Jaffetilchin Investment Partners LLC increased its stake in Royce Otc Micro by 12.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,418 shares of the financial services provider's stock valued at $150,000 after purchasing an additional 1,714 shares during the last quarter. Finally, Heritage Wealth Management Inc. purchased a new stake in shares of Royce Otc Micro in the first quarter worth about $166,000. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Otc Micro Trading Up 0.4%

Shares of NYSE:RMT traded up $0.04 during trading on Friday, hitting $9.45. The company's stock had a trading volume of 75,623 shares, compared to its average volume of 117,732. The stock's 50-day moving average price is $9.28 and its two-hundred day moving average price is $8.98. Royce Otc Micro has a fifty-two week low of $7.25 and a fifty-two week high of $10.43.

Royce Otc Micro Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Thursday, June 12th.

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.