Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 5,235.0% in May

Rand Capital Corporation (NASDAQ:RAND) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,067 shares, a growth of 5,235.0% from the May 14th total of 20 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 5,270 shares, the short-interest ratio is presently 0.2 days.

Rand Capital Stock Performance

Rand Capital stock traded down $0.07 during midday trading on Tuesday, hitting $10.08. 1,759 shares of the company were exchanged, compared to its average volume of 4,404. Rand Capital has a fifty-two week low of $10.00 and a fifty-two week high of $20.00. The firm has a market capitalization of $29.94 million, a PE ratio of -3.25 and a beta of 0.08. The business has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $11.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 82.98 and a current ratio of 82.98.

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

Rand Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a yield of 11.5%. Rand Capital’s payout ratio is presently -37.42%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management purchased a new stake in Rand Capital Corporation (NASDAQ:RAND) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC filing.

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.