Royce Otc Micro (NYSE:RMT) Hits New 52-Week High - Still a Buy?

Key Points

• New 52-week high: Royce Otc Micro (NYSE:RMT) traded as high as $13.42 (last $13.36), up about 1.4% and currently above its 50‑day ($12.12) and 200‑day ($11.27) moving averages.
• Quarterly dividend declared: The fund paid a $0.19 quarterly dividend (annualized $0.76), yielding ~5.7%, with the record/ex‑dividend date reported as March 12 and payment on March 30.
• Institutional interest: Institutional investors own roughly 34.98% of the stock, with recent stake increases from Allspring, Blue Bell, Osaic and new positions by TrueMark and Revolve indicating buying by institutions.

Royce Otc Micro (NYSE:RMT - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $13.42 and last traded at $13.36, with a volume of 46135 shares trading hands. The stock had previously closed at $13.22.

Royce Otc Micro Stock Up 1.4%

The business's fifty day simple moving average is $12.12 and its 200-day simple moving average is $11.27.

Royce Otc Micro Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Thursday, March 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Thursday, March 12th.

Institutional Trading of Royce Otc Micro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in Royce Otc Micro by 15.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 963,753 shares of the financial services provider's stock valued at $10,013,000 after acquiring an additional 130,855 shares during the last quarter. TrueMark Investments LLC bought a new stake in Royce Otc Micro in the 3rd quarter valued at $1,024,000. Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro in the 4th quarter valued at $148,000. Blue Bell Private Wealth Management LLC increased its holdings in Royce Otc Micro by 9.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 519,350 shares of the financial services provider's stock valued at $5,396,000 after acquiring an additional 45,803 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Royce Otc Micro by 43.6% in the 2nd quarter. Osaic Holdings Inc. now owns 128,956 shares of the financial services provider's stock valued at $1,193,000 after acquiring an additional 39,133 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc NYSE: RMT is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.

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