Rand Capital (NASDAQ:RAND) Shares Cross Above Two Hundred Day Moving Average of $13.52

Shares of Rand Capital Co. (NASDAQ:RAND) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.52 and traded as high as $14.04. Rand Capital shares last traded at $14.04, with a volume of 739 shares.

Rand Capital Stock Down 1.5 %

The stock has a 50-day moving average price of $13.91 and a 200 day moving average price of $13.52. 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 results on Tuesday, March 5th. The asset manager reported $0.40 EPS for the quarter. The company had revenue of $1.93 million during the quarter. Rand Capital had a return on equity of 5.39% and a net margin of 88.95%.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.23%. Rand Capital’s dividend payout ratio (DPR) is presently 39.53%.

Insider Activity

In other news, Director Benjamin E. Godley acquired 1,965 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of $13.95 per share, for a total transaction of $27,411.75. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $348,750. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 68.20% of the company’s stock.

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.