Royce Otc Micro (NYSE:RMT) Sees Large Volume Increase Following Dividend Announcement

Royce Otc Micro (NYSE:RMT) shares saw an uptick in trading volume on Thursday following a dividend announcement from the company. 342,118 shares traded hands during trading, an increase of 147% from the previous session’s volume of 138,742 shares.The stock last traded at $10.19 and had previously closed at $10.05.

The newly announced dividend which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 7.0%.

Royce Otc Micro Stock Up 0.7%

The company’s fifty day moving average price is $9.70 and its two-hundred day moving average price is $8.97.

Institutional Investors Weigh In On Royce Otc Micro

A number of hedge funds have recently added to or reduced their stakes in RMT. Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro during the 4th quarter worth about $148,000. Stifel Financial Corp grew its holdings in Royce Otc Micro by 10.3% during the 4th quarter. Stifel Financial Corp now owns 60,831 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 5,681 shares during the last quarter. Bank of America Corp DE grew its holdings in Royce Otc Micro by 4.9% during the 4th quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider’s stock worth $4,918,000 after acquiring an additional 23,550 shares during the last quarter. Logan Stone Capital LLC grew its holdings in Royce Otc Micro by 181.7% during the 4th quarter. Logan Stone Capital LLC now owns 91,912 shares of the financial services provider’s stock worth $896,000 after acquiring an additional 59,288 shares during the last quarter. Finally, Quantedge Capital Pte Ltd grew its holdings in Royce Otc Micro by 27.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 56,497 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 12,300 shares during the last quarter. Institutional investors own 34.98% of the company’s stock.

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.