Rand Capital Co. (NASDAQ:RAND) Short Interest Update

Rand Capital Co. (NASDAQ:RAND) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 7,000 shares, a decrease of 56.8% from the February 28th total of 16,200 shares. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.0% of the shares of the stock are sold short.

Rand Capital Trading Up 0.3 %

Shares of RAND opened at $19.05 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89. The firm has a 50 day moving average price of $22.98 and a 200-day moving average price of $19.41. The firm has a market cap of $56.58 million, a price-to-earnings ratio of 3.83 and a beta of 0.44.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%. The business had revenue of $2.14 million during the quarter.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 6.09%. Rand Capital’s dividend payout ratio (DPR) is currently 33.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Rand Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Rand Capital Company Profile

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.