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

Rand Capital Co. (NASDAQ:RAND) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,100 shares, a drop of 56.0% from the May 15th total of 2,500 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC bought a new position in Rand Capital Co. (NASDAQ:RAND) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,763 shares of the asset manager’s stock, valued at approximately $315,000. Courier Capital LLC owned approximately 0.56% of Rand Capital as of its most recent SEC filing.

Rand Capital Stock Up 1.0%

Shares of NASDAQ RAND traded up $0.15 during midday trading on Monday, hitting $15.65. 4,992 shares of the stock traded hands, compared to its average volume of 8,125. The company has a market cap of $46.48 million, a PE ratio of 3.14 and a beta of 0.25. The business has a 50 day moving average price of $17.47 and a two-hundred day moving average price of $19.87. Rand Capital has a one year low of $14.01 and a one year 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.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Monday, May 5th. The asset manager reported $0.40 earnings per share for the quarter. The company had revenue of $2.01 million for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date was Friday, May 30th. Rand Capital’s dividend payout ratio is currently 36.59%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Rand Capital from a “hold” rating to a “buy” rating in a research note on Friday, May 16th.

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.