Waterfront Wealth Inc. Makes New $2.36 Million Investment in Royce Otc Micro $RMT

Waterfront Wealth Inc. bought a new stake in shares of Royce Otc Micro (NYSE:RMT) in the first quarter, Holdings Channel reports. The fund bought 208,749 shares of the financial services provider’s stock, valued at approximately $2,361,000.

Other large investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in shares of Royce Otc Micro by 354.6% in the 1st quarter. Kestra Advisory Services LLC now owns 17,485 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 13,639 shares in the last quarter. Comprehensive Money Management Services LLC increased its position in Royce Otc Micro by 26.4% during the 1st quarter. Comprehensive Money Management Services LLC now owns 40,465 shares of the financial services provider’s stock valued at $458,000 after buying an additional 8,450 shares in the last quarter. TrueMark Investments LLC increased its position in Royce Otc Micro by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 106,443 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 5,424 shares in the last quarter. Uhlmann Price Securities LLC increased its position in Royce Otc Micro by 2.4% during the 1st quarter. Uhlmann Price Securities LLC now owns 87,400 shares of the financial services provider’s stock valued at $988,000 after buying an additional 2,069 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in Royce Otc Micro during the fourth quarter valued at $2,036,000. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Royce Otc Micro Price Performance

Royce Otc Micro stock opened at $14.11 on Friday. The business’s fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $12.48. Royce Otc Micro has a 12 month low of $9.13 and a 12 month high of $14.78.

Royce Otc Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.84 annualized dividend and a dividend yield of 6.0%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.19.

Insider Activity

In other news, insider John E. Denneen purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $13.70 per share, for a total transaction of $54,800.00. Following the purchase, the insider directly owned 12,232 shares in the company, valued at approximately $167,578.40. This trade represents a 48.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

Royce Otc Micro 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.