Royce Otc Micro (NYSE:RMT) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its stake in Royce Otc Micro (NYSE:RMT) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,719 shares of the financial services provider’s stock after selling 4,980 shares during the quarter. Brown Advisory Inc. owned about 0.15% of Royce Otc Micro worth $630,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in Royce Otc Micro in the 1st quarter valued at about $124,000. Revolve Wealth Partners LLC acquired a new stake in Royce Otc Micro during the 4th quarter worth about $148,000. Comprehensive Money Management Services LLC acquired a new position in shares of Royce Otc Micro in the 4th quarter valued at about $149,000. Jaffetilchin Investment Partners LLC increased its holdings in shares of Royce Otc Micro by 12.5% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,418 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 1,714 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Royce Otc Micro in the 1st quarter valued at about $166,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Otc Micro Price Performance

Shares of NYSE RMT opened at $9.56 on Tuesday. The business has a 50 day simple moving average of $8.93 and a 200 day simple moving average of $9.01. Royce Otc Micro has a 52 week low of $7.25 and a 52 week high of $10.43.

Royce Otc Micro Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 12th were paid a $0.18 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.72 annualized dividend and a dividend yield of 7.54%.

Insider Activity at Royce Otc Micro

In other Royce Otc Micro news, insider Charles M. Royce sold 43,229 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $8.31, for a total transaction of $359,232.99. Following the completion of the sale, the insider owned 798,970 shares of the company’s stock, valued at $6,639,440.70. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% 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.