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Wolverine Asset Management LLC Increases Stake in ROYCE OTC MICRO (NYSE:RMT)

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Key Points

  • Wolverine Asset Management LLC increased its position in ROYCE OTC MICRO by 8.5%, owning approximately 0.76% of the company with a value of $3.24 million after purchasing 30,225 additional shares.
  • Other institutional investors, including Allspring Global Investments and Hennion & Walsh Asset Management, also raised their stakes in ROYCE OTC MICRO significantly during the first quarter.
  • The company declared a quarterly dividend of $0.18 per share, resulting in an annualized yield of 7.6%, despite a recent cut in dividends.
  • Want stock alerts on Royce Otc Micro? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Wolverine Asset Management LLC grew its stake in ROYCE OTC MICRO (NYSE:RMT - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,130 shares of the financial services provider's stock after purchasing an additional 30,225 shares during the quarter. Wolverine Asset Management LLC owned about 0.76% of ROYCE OTC MICRO worth $3,238,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RMT. Shaker Financial Services LLC grew its position in shares of ROYCE OTC MICRO by 23.5% in the 1st quarter. Shaker Financial Services LLC now owns 907,197 shares of the financial services provider's stock worth $7,648,000 after buying an additional 172,411 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of ROYCE OTC MICRO by 7.3% in 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 period. LPL Financial LLC grew its position in shares of ROYCE OTC MICRO by 13.3% in the 1st quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider's stock worth $5,657,000 after buying an additional 78,528 shares during the period. Wells Fargo & Company MN grew its position in shares of ROYCE OTC MICRO by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 604,206 shares of the financial services provider's stock worth $5,891,000 after buying an additional 22,508 shares during the period. Finally, Bank of America Corp DE grew its position in shares of ROYCE OTC MICRO by 4.9% in the 4th quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider's stock worth $4,918,000 after buying an additional 23,550 shares during the period. 34.98% of the stock is currently owned by institutional investors.

ROYCE OTC MICRO Stock Up 3.0%

Shares of NYSE:RMT traded up $0.29 during midday trading on Tuesday, reaching $9.75. The company's stock had a trading volume of 171,413 shares, compared to its average volume of 137,760. The firm has a 50 day moving average of $9.30 and a 200-day moving average of $8.96. ROYCE OTC MICRO has a 12-month low of $7.25 and a 12-month high of $10.43.

ROYCE OTC MICRO Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Thursday, June 12th.

ROYCE OTC MICRO Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ROYCE OTC MICRO (NYSE:RMT)

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