Royce Otc Micro (NYSE:RMT) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Royce Otc Micro (RMT) moved above its 50‑day moving average of $12.06, trading as high as $13.36 and last at $13.295 on a volume of 102,081 shares.
• The company recently paid a quarterly dividend of $0.19 (annualized $0.76), implying a yield of about 5.7%.
• Several institutional investors modestly increased positions in the latest quarter, and roughly 34.98% of the shares are held by institutions.

Royce Otc Micro (NYSE:RMT - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.06 and traded as high as $13.36. Royce Otc Micro shares last traded at $13.2950, with a volume of 102,081 shares changing hands.

Royce Otc Micro Stock Up 0.1%

The business has a 50 day simple moving average of $12.06 and a 200-day simple moving average of $11.23.

Royce Otc Micro Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its position in shares of Royce Otc Micro by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider's stock worth $248,000 after buying an additional 897 shares during the period. Guggenheim Capital LLC boosted its position in shares of Royce Otc Micro by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider's stock worth $632,000 after buying an additional 926 shares during the period. Sapient Capital LLC boosted its position in shares of Royce Otc Micro by 2.3% during the fourth quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider's stock worth $503,000 after buying an additional 1,068 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Royce Otc Micro by 1.9% during the third quarter. Diversify Advisory Services LLC now owns 65,302 shares of the financial services provider's stock worth $686,000 after buying an additional 1,231 shares during the period. Finally, First Trust Advisors LP boosted its position in Royce Otc Micro by 2.6% during the fourth quarter. First Trust Advisors LP now owns 52,271 shares of the financial services provider's stock valued at $545,000 after purchasing an additional 1,328 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 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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