Rand Capital (NASDAQ:RAND) Stock Crosses Above 200 Day Moving Average of $15.74

Rand Capital Co. (NASDAQ:RAND) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.74 and traded as high as $17.20. Rand Capital shares last traded at $16.58, with a volume of 1,900 shares trading hands.

Rand Capital Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 20.17 and a current ratio of 20.17. The company has a 50-day moving average of $17.55 and a 200-day moving average of $15.74.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings results on Tuesday, August 6th. The asset manager reported $0.44 earnings per share for the quarter. The company had revenue of $2.14 million for the quarter. Rand Capital had a return on equity of 6.13% and a net margin of 137.44%.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.00%. Rand Capital’s dividend payout ratio (DPR) is presently 52.02%.

About Rand Capital

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.