Rand Capital Corporation (RAND) To Go Ex-Dividend on August 26th

Rand Capital Corporation (NASDAQ:RAND) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Wednesday, August 26th will be given a dividend of 0.29 per share by the asset manager on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Wednesday, August 26th.

Rand Capital has decreased its dividend by an average of 0.4%per year over the last three years.

Rand Capital Price Performance

NASDAQ:RAND opened at $10.22 on Monday. The firm has a market capitalization of $30.35 million, a price-to-earnings ratio of -255.50 and a beta of 0.10. Rand Capital has a 52-week low of $10.00 and a 52-week high of $17.49. The stock has a fifty day moving average of $10.19 and a 200 day moving average of $10.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 90.68 and a current ratio of 90.68.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Wednesday, August 5th. The asset manager reported $0.24 EPS for the quarter. Rand Capital had a positive return on equity of 5.47% and a negative net margin of 2.67%.The business had revenue of $1.39 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC increased its holdings in Rand Capital Corporation (NASDAQ:RAND) by 15.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,851 shares of the asset manager’s stock after purchasing an additional 2,589 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.63% of Rand Capital worth $220,000 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.