Advisor Resource Council Takes Position in ROYCE OTC MICRO (NYSE:RMT)

Advisor Resource Council acquired a new position in shares of ROYCE OTC MICRO (NYSE:RMT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,688 shares of the financial services provider's stock, valued at approximately $301,000. Advisor Resource Council owned 0.07% of ROYCE OTC MICRO as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in ROYCE OTC MICRO in the fourth quarter worth $148,000. Comprehensive Money Management Services LLC bought a new stake in ROYCE OTC MICRO in the 4th quarter valued at $149,000. Jaffetilchin Investment Partners LLC raised its stake 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 buying an additional 1,714 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of ROYCE OTC MICRO by 107.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,843 shares of the financial services provider's stock valued at $203,000 after buying an additional 10,812 shares in the last quarter. Finally, DKM Wealth Management Inc. bought a new position in shares of ROYCE OTC MICRO during the 4th quarter worth about $224,000. Institutional investors and hedge funds own 34.98% of the company's stock.

ROYCE OTC MICRO Price Performance

Shares of ROYCE OTC MICRO stock traded down $0.04 during trading on Wednesday, hitting $8.96. 206,744 shares of the company's stock traded hands, compared to its average volume of 119,326. The firm's fifty day moving average price is $8.60 and its 200 day moving average price is $9.06. ROYCE OTC MICRO has a twelve month low of $7.25 and a twelve month high of $10.43.

ROYCE OTC MICRO Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend is Thursday, June 12th.

Insider Buying and Selling at ROYCE OTC MICRO

In other news, insider Charles M. Royce sold 43,229 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $8.31, for a total value of $359,232.99. Following the completion of the transaction, the insider now directly owns 798,970 shares of the company's stock, valued at approximately $6,639,440.70. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

About ROYCE OTC MICRO

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.