Royce Otc Micro (NYSE:RMT) Sets New 1-Year High – Should You Buy?

Royce Otc Micro (NYSE:RMT)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $13.42 and last traded at $13.36, with a volume of 46135 shares traded. The stock had previously closed at $13.22.

Royce Otc Micro Stock Up 1.3%

The business has a fifty day moving average price of $12.12 and a 200 day moving average price of $11.28.

Royce Otc Micro Cuts Dividend

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

Institutional Investors Weigh In On Royce Otc Micro

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter valued at about $31,000. CX Institutional acquired a new stake in shares of Royce Otc Micro in the third quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in shares of Royce Otc Micro in the third quarter valued at about $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter valued at about $40,000. Finally, Heritage Financial Services LLC acquired a new stake in shares of Royce Otc Micro in the fourth quarter valued at about $105,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

About Royce Otc Micro

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.