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

Rand Capital Co. (NASDAQ:RAND) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,900 shares, a decrease of 17.4% from the February 29th total of 2,300 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,500 shares, the short-interest ratio is currently 1.3 days.

Insider Buying and Selling at Rand Capital

In other news, Director Benjamin E. Godley purchased 1,965 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of $13.95 per share, with a total value of $27,411.75. Following the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $348,750. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 67.60% of the stock is owned by insiders.

Rand Capital Stock Performance

Shares of RAND stock opened at $13.97 on Monday. Rand Capital has a 52 week low of $12.50 and a 52 week high of $14.55. The firm has a 50 day moving average of $13.62 and a two-hundred day moving average of $13.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 23.73 and a quick ratio of 23.73.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings data on Tuesday, March 5th. The asset manager reported $0.40 EPS for the quarter. The company had revenue of $1.93 million for the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%.

Rand Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.16%. The ex-dividend date was Tuesday, March 12th. Rand Capital’s payout ratio is 39.53%.

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.