Rand Capital Co. (NASDAQ:RAND) Sees Significant Increase in Short Interest

Rand Capital Co. (NASDAQ:RAND) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 16,200 shares, a growth of 68.8% from the February 13th total of 9,600 shares. Based on an average trading volume of 17,700 shares, the short-interest ratio is presently 0.9 days. Currently, 2.6% of the shares of the company are short sold.

Rand Capital Stock Performance

Shares of NASDAQ:RAND opened at $22.50 on Monday. Rand Capital has a 12-month low of $13.69 and a 12-month high of $31.89. The company’s 50 day moving average price is $23.13 and its two-hundred day moving average price is $19.37. The firm has a market cap of $58.07 million, a PE ratio of 4.52 and a beta of 0.44. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $2.14 million for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Friday, March 14th. Rand Capital’s payout ratio is currently 33.92%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Rand Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.