Rand Capital Co. (NASDAQ:RAND) Sees Large Drop in Short Interest

Rand Capital Co. (NASDAQ:RANDGet Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 2,000 shares, a drop of 16.7% from the April 15th total of 2,400 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the company’s shares are sold short.

Rand Capital Stock Up 3.2 %

Rand Capital stock traded up $0.46 during mid-day trading on Monday, reaching $14.76. The stock had a trading volume of 3,885 shares, compared to its average volume of 1,464. The company has a debt-to-equity ratio of 0.27, a quick ratio of 23.73 and a current ratio of 23.73. Rand Capital has a fifty-two week low of $12.50 and a fifty-two week high of $15.25. The stock’s 50-day simple moving average is $13.94 and its 200-day simple moving average is $13.55. The firm has a market capitalization of $38.08 million, a PE ratio of 5.86 and a beta of 0.49.

Rand Capital (NASDAQ:RANDGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The asset manager reported $0.40 earnings per share (EPS) for the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%. The firm had revenue of $1.93 million during the quarter.

Rand Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.29 dividend. This is a positive change from Rand Capital’s previous quarterly dividend of $0.25. This represents a $1.16 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date is Thursday, May 30th. Rand Capital’s dividend payout ratio is presently 45.85%.

Insider Buying and Selling

In related news, Director Benjamin E. Godley bought 1,965 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $13.95 per share, with a total value of $27,411.75. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $348,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 68.20% of the stock is currently owned by insiders.

Rand Capital Company Profile

(Get Free Report)

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.

Featured Articles

Receive News & Ratings for Rand Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Capital and related companies with MarketBeat.com's FREE daily email newsletter.