Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,067 shares, a growth of 5,235.0% from the May 14th total of 20 shares. Based on an average trading volume of 5,270 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Rand Capital Stock Down 0.7%

RAND stock opened at $10.08 on Wednesday. Rand Capital has a fifty-two week low of $10.00 and a fifty-two week high of $20.00. The business’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $11.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 82.98 and a current ratio of 82.98. The company has a market capitalization of $29.94 million, a price-to-earnings ratio of -3.25 and a beta of 0.08.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The firm had revenue of $1.24 million for the quarter.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Wednesday, May 27th. Rand Capital’s payout ratio is currently -37.42%.

Institutional Trading of Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management purchased a new position in Rand Capital Corporation (NASDAQ:RAND) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned approximately 0.37% of Rand Capital as of its most recent SEC filing.

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.