Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 422 shares, a decrease of 60.4% from the May 31st total of 1,067 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,723 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management acquired a new stake in Rand Capital Corporation (NASDAQ:RAND) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned approximately 0.37% of Rand Capital at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rand Capital in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rand Capital presently has a consensus rating of “Sell”.

Rand Capital Stock Down 1.6%

Shares of NASDAQ:RAND traded down $0.17 on Monday, hitting $10.04. 747 shares of the company traded hands, compared to its average volume of 4,187. The stock has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $11.41. The company has a quick ratio of 82.98, a current ratio of 82.98 and a debt-to-equity ratio of 0.01. The company has a market cap of $29.80 million, a PE ratio of -3.24 and a beta of 0.08. Rand Capital has a 52 week low of $10.00 and a 52 week high of $20.00.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share (EPS) for the quarter. The company 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.6%. The ex-dividend date was Wednesday, May 27th. Rand Capital’s dividend payout ratio is currently -37.42%.

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.