Traub Capital Management LLC has established a new position in Royce Otc Micro (NYSE: RMT), acquiring 33,039 shares valued at approximately $306,000 during the second quarter of this year. This move, detailed in a recent filing with the Securities and Exchange Commission (SEC), brings Traub Capital’s ownership in the financial services provider to about 0.07%.
The investment landscape for Royce Otc Micro has witnessed several changes recently, with other institutional investors also adjusting their stakes. For instance, Elequin Capital LP entered the scene with a new investment worth around $51,000 in the first quarter. Similarly, Eisler Capital Management Ltd. acquired shares valued at $84,000 during the same period.
In the second quarter, Verus Capital Partners LLC invested $107,000, while JFS Wealth Advisors LLC added $129,000 to their holdings. Revolve Wealth Partners LLC also made a significant move, acquiring shares valued at $148,000 in the fourth quarter of the previous year. Currently, institutional investors and hedge funds collectively own approximately 34.98% of Royce Otc Micro’s stock.
Royce Otc Micro Stock Performance
As of the latest trading session, Royce Otc Micro shares opened at $9.73. Over the past year, the stock has fluctuated, reaching a low of $7.25 and a high of $10.88. Its 50-day simple moving average stands at $10.36, while the 200-day simple moving average is noted at $9.68.
In a related development, insider Charles M. Royce sold 200,000 shares of Royce Otc Micro on November 5, generating proceeds of approximately $2,054,000. Following this transaction, Royce retains 596,926 shares in the company, valued at around $6,130,430.02. This sale reflects a significant 25.10% decrease in his holdings, a detail disclosed through a filing with the SEC.
Company Overview
Royce Micro-Cap Trust, Inc. operates as a closed-ended equity mutual fund, managed by Royce & Associates, LLC. The fund primarily targets investments in public equity markets within the United States, focusing on value stocks of companies with market capitalizations below $500 million. This strategy aims to capitalize on opportunities across diverse sectors.
For those interested in tracking insider trades and institutional holdings for Royce Otc Micro, resources like HoldingsChannel.com offer up-to-date information on 13F filings and other significant trades. Subscribers can also receive daily summaries of news and analyst ratings related to Royce Otc Micro and similar companies through MarketBeat’s newsletter.
