Royce Otc Micro (NYSE:RMT) Sets New 1-Year High - Time to Buy?

Key Points

• Royce Otc Micro (NYSE:RMT) reached a new 52-week high of $10.65 during trading, with the last traded price at $10.50.
• The company declared a quarterly dividend of $0.18, which will yield an annualized rate of 6.9% for shareholders.
• Institutional investors have been increasing their positions in Royce Otc Micro, with significant purchases made in the first and second quarters of the year.

Royce Otc Micro (NYSE:RMT - ) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.65 and last traded at $10.50, with a volume of 132862 shares changing hands. The stock had previously closed at $10.50.

Royce Otc Micro Price Performance

The stock has a 50 day moving average price of $9.89 and a 200-day moving average price of $9.06.

Royce Otc Micro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Trading of Royce Otc Micro

Institutional investors have recently made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of Royce Otc Micro in the first quarter worth approximately $51,000. Eisler Capital Management Ltd. purchased a new position in Royce Otc Micro during the first quarter worth approximately $84,000. Verus Capital Partners LLC purchased a new stake in Royce Otc Micro in the 2nd quarter valued at $107,000. Oppenheimer & Co. Inc. purchased a new stake in Royce Otc Micro in the 1st quarter valued at $124,000. Finally, JFS Wealth Advisors LLC purchased a new stake in Royce Otc Micro in the 2nd quarter valued at $129,000. 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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