Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 100.0% in May

Rand Capital Corporation (NASDAQ:RAND) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 20 shares, a growth of 100.0% from the April 30th total of 10 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,512 shares, the short-interest ratio is currently 0.0 days.

Rand Capital Stock Up 0.5%

Shares of RAND opened at $10.79 on Wednesday. Rand Capital has a one year low of $10.05 and a one year high of $20.00. The company has a market cap of $32.04 million, a P/E ratio of -3.46 and a beta of 0.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The firm has a 50 day simple moving average of $11.13 and a two-hundred day simple moving average of $11.91.

Rand Capital (NASDAQ:RAND) last issued its earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The firm had revenue of $1.24 million for the quarter.

Rand Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Wednesday, May 27th. Rand Capital’s dividend payout ratio is currently -37.42%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management purchased a new position in shares of Rand Capital Corporation (NASDAQ:RAND) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned approximately 0.37% of Rand Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

About Rand Capital

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.