Royce Otc Micro Declares Quarterly Dividend of $0.18 (NYSE:RMT)

Key Points

• Royce Otc Micro declared a quarterly dividend of $0.18 per share, which represents an annualized yield of 7.2% for shareholders of record on September 12th.
• As of the latest trading day, Royce Otc Micro shares declined by 0.8% to $10.02, with a trading volume significantly higher than its average.
• Institutional investors hold 34.98% of Royce Otc Micro's stock, with several large firms increasing their stakes in the second quarter of the year.

Royce Otc Micro (NYSE:RMT - Get Free Report) declared a quarterly dividend on Wednesday, September 3rd, RTT News reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.18 per share by the financial services provider on Thursday, September 25th. This represents a c) annualized dividend and a yield of 7.2%.

Royce Otc Micro Trading Down 0.8%

Shares of Royce Otc Micro stock traded down $0.09 during trading hours on Wednesday, hitting $10.02. The company had a trading volume of 361,826 shares, compared to its average volume of 137,544. The company's 50-day moving average is $9.66 and its two-hundred day moving average is $8.97. Royce Otc Micro has a twelve month low of $7.25 and a twelve month high of $10.43.

Institutional Investors Weigh In On Royce Otc Micro

A number of large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its stake in Royce Otc Micro by 3.9% in the 2nd quarter. Captrust Financial Advisors now owns 105,315 shares of the financial services provider's stock valued at $974,000 after acquiring an additional 3,914 shares during the last quarter. Modern Wealth Management LLC boosted its stake in shares of Royce Otc Micro by 1.9% during the 2nd quarter. Modern Wealth Management LLC now owns 1,095,569 shares of the financial services provider's stock worth $10,134,000 after purchasing an additional 20,815 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Royce Otc Micro by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider's stock worth $4,939,000 after purchasing an additional 2,860 shares during the last quarter. Quantedge Capital Pte Ltd boosted its stake in shares of Royce Otc Micro by 79.9% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 88,697 shares of the financial services provider's stock worth $820,000 after purchasing an additional 39,400 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Royce Otc Micro by 6.6% during the 2nd quarter. Guggenheim Capital LLC now owns 82,969 shares of the financial services provider's stock worth $767,000 after purchasing an additional 5,122 shares during the period. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Otc Micro Company 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.

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