Rand Capital Co. (NASDAQ:RAND) Short Interest Update

Rand Capital Co. (NASDAQ:RAND) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 7,000 shares, a decrease of 56.8% from the February 28th total of 16,200 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 16,800 shares, the short-interest ratio is presently 0.4 days.

Rand Capital Trading Down 2.1 %

Shares of NASDAQ:RAND traded down $0.42 during midday trading on Friday, hitting $19.17. 3,363 shares of the stock were exchanged, compared to its average volume of 7,475. The business’s 50-day moving average price is $22.93 and its 200 day moving average price is $19.43. Rand Capital has a 12 month low of $13.69 and a 12 month high of $31.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99. The stock has a market capitalization of $56.93 million, a price-to-earnings ratio of 3.85 and a beta of 0.44.

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

Rand Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 6.05%. Rand Capital’s payout ratio is 33.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Rand Capital from a “buy” rating to a “hold” rating in a 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.