Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 108 shares, a decline of 74.4% from the June 15th total of 422 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,856 shares, the days-to-cover ratio is presently 0.1 days.

Rand Capital Stock Performance

NASDAQ:RAND traded down $0.10 during trading hours on Friday, hitting $10.20. 1,652 shares of the company traded hands, compared to its average volume of 1,617. The stock has a market capitalization of $30.29 million, a price-to-earnings ratio of -3.29 and a beta of 0.10. Rand Capital has a twelve month low of $10.00 and a twelve month high of $20.00. The firm has a 50-day moving average of $10.54 and a 200 day moving average of $11.06. The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01.

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

Rand Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Rand Capital’s dividend payout ratio (DPR) is currently -37.42%.

Institutional Trading of Rand Capital

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Rand Capital in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rand Capital presently has an average rating of “Sell”.

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.