Royce Otc Micro (NYSE:RMT) Shares Break Below 200 Day Moving Average - Should You Sell?

Key Points

• Royce Micro-Cap Trust shares fell below their 200-day moving average of $13.41, trading as low as $13.41 before last changing hands at $13.4550.
• The trust increased its quarterly dividend to $0.23 per share, equivalent to $0.92 annually and a 6.8% yield; the dividend is payable September 29 to shareholders of record September 11.
• Institutional investors own approximately 34.98% of the stock, with several firms adding to or initiating positions during the second quarter.

Royce Otc Micro (NYSE:RMT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $13.41 and traded as low as $13.41. Royce Otc Micro shares last traded at $13.4550, with a volume of 59,805 shares traded.

Royce Otc Micro Stock Performance

The firm has a fifty day moving average price of $13.89 and a two-hundred day moving average price of $13.41.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.8%. This is a boost from Royce Otc Micro's previous quarterly dividend of $0.21. The ex-dividend date is Friday, September 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sapient Capital LLC grew its position in Royce Otc Micro by 1.5% during the second quarter. Sapient Capital LLC now owns 49,274 shares of the financial services provider's stock valued at $721,000 after buying an additional 715 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Royce Otc Micro by 13.7% during the second quarter. Concurrent Investment Advisors LLC now owns 28,571 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 3,448 shares during the period. Susquehanna International Group LLP increased its position in Royce Otc Micro by 20.4% in the second quarter. Susquehanna International Group LLP now owns 15,473 shares of the financial services provider's stock worth $227,000 after buying an additional 2,621 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Royce Otc Micro during the 2nd quarter worth approximately $453,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Royce Otc Micro during the 2nd quarter valued at $1,445,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc NYSE: RMT is a publicly traded closed-end investment company focused on investing in micro-cap stocks. Rather than operating businesses or selling products directly, the fund provides investors with access to a professionally managed portfolio of smaller publicly traded companies.

The trust primarily invests in U.S. micro-cap equities, with portfolio holdings selected through fundamental research and a long-term investment approach. Its strategy generally emphasizes companies that the investment adviser believes have attractive business prospects, strong financial characteristics, or the potential for improved performance over time.

Royce Micro-Cap Trust is managed by Royce Investment Partners, an investment firm specializing in small-cap and micro-cap equities.

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