Royce Otc Micro (NYSE:RMT - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.09 and traded as low as $8.71. Royce Otc Micro shares last traded at $8.74, with a volume of 182,225 shares trading hands.
Royce Otc Micro Trading Up 1.4%
The company's 50-day moving average price is $8.55 and its 200 day moving average price is $9.06.
Royce Otc Micro Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 12th will be issued a $0.18 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.72 annualized dividend and a yield of 8.03%.
Insider Activity
In related news, insider Charles M. Royce sold 43,229 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $8.31, for a total transaction of $359,232.99. Following the sale, the insider now directly owns 798,970 shares of the company's stock, valued at $6,639,440.70. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.
Institutional Trading of Royce Otc Micro
Several hedge funds have recently modified their holdings of RMT. Revolve Wealth Partners LLC purchased a new stake in Royce Otc Micro during the 4th quarter worth about $148,000. Private Advisor Group LLC grew its position in shares of Royce Otc Micro by 10.5% during the fourth quarter. Private Advisor Group LLC now owns 89,992 shares of the financial services provider's stock worth $877,000 after buying an additional 8,553 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Royce Otc Micro by 107.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider's stock worth $203,000 after buying an additional 10,812 shares during the period. Raymond James Financial Inc. acquired a new stake in Royce Otc Micro in the fourth quarter valued at approximately $3,469,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Royce Otc Micro by 14.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider's stock worth $4,217,000 after acquiring an additional 54,366 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.
Royce Otc Micro Company Profile
(
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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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