TrueMark Investments LLC has acquired a significant new position in Royce Otc Micro (NYSE:RMT), purchasing 98,533 shares valued at approximately $1,024,000 during the third quarter of 2024. According to a recent filing with the Securities and Exchange Commission, this investment represents about 0.19% of the financial services provider’s total shares.
This acquisition is part of a broader trend, as several other notable investors have also engaged with Royce Otc Micro recently. For instance, CX Institutional entered the fray with a new position valued at around $33,000 in the same quarter. Verus Capital Partners LLC and JFS Wealth Advisors LLC also joined the ranks, investing $107,000 and $129,000, respectively, in the second quarter. Additionally, Revolve Wealth Partners LLC purchased a stake worth $148,000 in the fourth quarter, while Jaffetilchin Investment Partners LLC increased its holdings by 67%, now owning 19,182 shares valued at $177,000.
Currently, hedge funds and institutional investors hold 34.98% of Royce Otc Micro’s stock, indicating strong interest from the investment community.
Recent Insider Activity and Dividend Announcement
In related developments, insider Charles M. Royce sold 200,000 shares of Royce Otc Micro on November 5, 2024. This transaction, conducted at an average price of $10.27, amounted to a total value of $2,054,000. Following this sale, Royce’s remaining shares total 596,926, valued at approximately $6,130,430. This move represents a 25.10% decrease in his ownership of the company. Notably, insiders currently own 0.19% of the stock.
In addition, Royce Otc Micro recently declared a quarterly dividend of $0.24, which was paid on December 24, 2024. Shareholders on record as of December 11 received this dividend, marking an annualized amount of $0.96 and a dividend yield of 8.3%. This increase from the previous dividend of $0.18 reflects the company’s commitment to returning value to its investors.
About Royce Otc Micro
Royce Micro-Cap Trust, Inc. (NYSE:RMT) is a closed-end management investment company that focuses primarily on micro-capitalization equity securities. The trust aims for long-term capital appreciation through investments in small U.S. companies that tend to receive less attention from larger institutional investors due to their lower market values. Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy based on comprehensive, bottom-up research.
Portfolio managers conduct detailed analyses of financial statements, market trends, and company management to pinpoint undervalued firms with significant growth potential.
For ongoing information regarding Royce Otc Micro and related investment activities, stakeholders can access the latest 13F filings and insider trades through platforms like HoldingsChannel.com.
