Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 493 shares, a growth of 173.9% from the December 31st total of 180 shares. Based on an average trading volume of 6,365 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 6,365 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management acquired a new stake in Rand Capital Corporation (NASDAQ:RAND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned 0.37% of Rand Capital at the end of the most recent quarter.

Rand Capital Trading Down 0.0%

Shares of NASDAQ:RAND traded down $0.01 on Thursday, reaching $11.25. 1,113 shares of the company traded hands, compared to its average volume of 5,458. The stock has a market capitalization of $33.40 million, a P/E ratio of -2.68 and a beta of 0.20. The business’s 50-day simple moving average is $12.92 and its 200 day simple moving average is $14.54. Rand Capital has a 52 week low of $10.56 and a 52 week high of $31.89.

Rand Capital (NASDAQ:RAND) last issued its earnings results on Friday, November 7th. The asset manager reported $0.33 earnings per share for the quarter. Rand Capital had a positive return on equity of 7.12% and a negative net margin of 164.74%.The company had revenue of $1.58 million during the quarter.

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.29 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.16 annualized dividend and a dividend yield of 10.3%. Rand Capital’s dividend payout ratio (DPR) is currently -27.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Rand Capital in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rand Capital currently has an average rating of “Sell”.

Rand Capital Company Profile

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.