ValuEngine upgraded shares of Rand Capital (NASDAQ:RAND) from a hold rating to a buy rating in a report published on Friday.

Rand Capital (NASDAQ:RAND) remained flat at $$2.88 during trading on Friday. The company had a trading volume of 405 shares, compared to its average volume of 8,271. The company has a debt-to-equity ratio of 0.25, a current ratio of 156.38 and a quick ratio of 156.38. Rand Capital has a 52 week low of $2.75 and a 52 week high of $3.48.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Monday, November 6th. The asset manager reported $0.02 earnings per share for the quarter. The company had revenue of $0.40 million for the quarter. Rand Capital had a negative return on equity of 1.56% and a negative net margin of 83.79%.

Several institutional investors have recently bought and sold shares of RAND. Shufro Rose & Co. LLC lifted its position in Rand Capital by 3.9% in the 2nd quarter. Shufro Rose & Co. LLC now owns 161,300 shares of the asset manager’s stock valued at $450,000 after acquiring an additional 6,000 shares in the last quarter. Raffles Associates LP lifted its position in Rand Capital by 27.3% in the 2nd quarter. Raffles Associates LP now owns 70,000 shares of the asset manager’s stock valued at $195,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Associated Banc Corp bought a new position in Rand Capital in the 3rd quarter valued at approximately $890,000. Institutional investors own 17.97% of the company’s stock.

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Rand Capital Company Profile

Rand Capital Corporation is a closed-end, diversified, management investment company. The Company provides managerial assistance to the portfolio companies in which it invests. The Company makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states.

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