Royce Otc Micro $RMT Stock: Shaker Financial Services LLC Reduces Holdings

Shaker Financial Services LLC lowered its stake in shares of Royce Otc Micro (NYSE:RMT) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,299 shares of the financial services provider’s stock after selling 54,538 shares during the quarter. Shaker Financial Services LLC’s holdings in Royce Otc Micro were worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of RMT. Bank of America Corp DE purchased a new position in shares of Royce Otc Micro in the 2nd quarter valued at about $8,821,000. Punch & Associates Investment Management Inc. purchased a new stake in shares of Royce Otc Micro during the second quarter worth approximately $7,652,000. Saba Capital Management L.P. increased its stake in shares of Royce Otc Micro by 13.4% during the first quarter. Saba Capital Management L.P. now owns 2,965,400 shares of the financial services provider’s stock worth $33,539,000 after buying an additional 350,491 shares during the period. Lazard Asset Management LLC acquired a new stake in Royce Otc Micro in the first quarter valued at approximately $3,393,000. Finally, Waterfront Wealth Inc. acquired a new stake in Royce Otc Micro in the first quarter valued at approximately $2,361,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Down 2.2%

Royce Otc Micro stock traded down $0.28 during trading on Wednesday, reaching $12.87. The stock had a trading volume of 89,958 shares, compared to its average volume of 131,167. Royce Otc Micro has a 52-week low of $9.52 and a 52-week high of $14.78. The business has a 50 day moving average price of $13.78 and a 200 day moving average price of $13.58.

Royce Otc Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Friday, September 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.21.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a publicly traded closed-end investment company focused on investing in micro-capitalization companies. The fund seeks long-term capital growth by building a diversified portfolio primarily of common stocks issued by smaller U.S. companies.

RMT is managed by Royce & Associates, LP, an investment adviser specializing in small-cap and micro-cap equity strategies. The portfolio typically emphasizes companies that the adviser believes have attractive business fundamentals, experienced management teams, and the potential to grow over time.