Royce Otc Micro (NYSE:RMT) Reaches New 52-Week High - Time to Buy?

Key Points

• Royce Otc Micro (NYSE:RMT) has reached a new 52-week high of $10.74, reflecting a steady increase in its stock value with a trading volume of 18,566 shares.
• The company announced a quarterly dividend of $0.18 per share, yielding 6.7%, which was paid to investors of record on September 12th.
• Institutional investors hold 34.98% of Royce Otc Micro's stock, with several institutions increasing their holdings significantly in recent quarters.

Royce Otc Micro (NYSE:RMT - )'s share price reached a new 52-week high during trading on Friday . The company traded as high as $10.74 and last traded at $10.74, with a volume of 18566 shares trading hands. The stock had previously closed at $10.55.

Royce Otc Micro Stock Up 1.7%

The firm has a 50 day moving average price of $10.27 and a 200-day moving average price of $9.35.

Royce Otc Micro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, September 12th.

Institutional Trading of Royce Otc Micro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Modern Wealth Management LLC grew its holdings in Royce Otc Micro by 1.9% in the second quarter. Modern Wealth Management LLC now owns 1,095,569 shares of the financial services provider's stock valued at $10,134,000 after purchasing an additional 20,815 shares during the period. Shaker Financial Services LLC grew its holdings in Royce Otc Micro by 12.6% in the second quarter. Shaker Financial Services LLC now owns 1,021,723 shares of the financial services provider's stock valued at $9,451,000 after purchasing an additional 114,526 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Royce Otc Micro by 15.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 963,753 shares of the financial services provider's stock valued at $10,013,000 after purchasing an additional 130,855 shares during the period. LPL Financial LLC grew its holdings in Royce Otc Micro by 13.3% in the first quarter. LPL Financial LLC now owns 671,106 shares of the financial services provider's stock valued at $5,657,000 after purchasing an additional 78,528 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Royce Otc Micro by 0.5% in the second quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider's stock worth $4,939,000 after acquiring an additional 2,860 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.