Rand Capital (NASDAQ:RAND) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Rand Capital Corporation (NASDAQ:RAND) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.79 and traded as high as $11.30. Rand Capital shares last traded at $11.23, with a volume of 28,280 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Rand Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rand Capital has an average rating of “Sell”.

Rand Capital Trading Down 2.0%

The stock has a market cap of $31.39 million, a PE ratio of -264.25 and a beta of 0.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 90.68 and a current ratio of 90.68. The company’s 50-day moving average price is $10.25 and its 200 day moving average price is $10.79.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings data 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 firm had revenue of $1.39 million for the quarter.

Rand Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.0%. Rand Capital’s dividend payout ratio is currently -2,900.00%.

Institutional Trading of Rand Capital

A hedge fund recently raised its stake in Rand Capital stock. O Shaughnessy Asset Management LLC raised its stake in Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,851 shares of the asset manager’s stock after buying an additional 2,589 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.63% of Rand Capital worth $220,000 at the end of the most recent quarter.

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.