Short Interest in Rand Capital Corporation (NASDAQ:RAND) Declines By 94.1%

Rand Capital Corporation (NASDAQ:RAND) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 279 shares, a drop of 94.1% from the August 15th total of 4,764 shares. Based on an average trading volume of 7,702 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Rand Capital Stock Performance

RAND stock traded down $0.35 on Thursday, reaching $10.80. The company’s stock had a trading volume of 4,025 shares, compared to its average volume of 4,993. Rand Capital has a 52 week low of $10.00 and a 52 week high of $17.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 90.68 and a quick ratio of 90.68. The company has a market capitalization of $32.07 million, a P/E ratio of -269.93 and a beta of 0.11. The firm has a fifty day moving average of $10.33 and a two-hundred day moving average of $10.77.

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

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.16 annualized dividend and a yield of 10.7%. Rand Capital’s dividend payout ratio is presently -2,900.00%.

Institutional Trading of Rand Capital

An institutional investor recently raised its stake in Rand Capital stock. O Shaughnessy Asset Management LLC increased its stake in Rand Capital Corporation (NASDAQ:RAND) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,851 shares of the asset manager’s stock after acquiring an additional 2,589 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.63% of Rand Capital worth $220,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Rand Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.