Short Interest in Rand Capital Corporation (NASDAQ:RAND) Increases By 930.0%

Rand Capital Corporation (NASDAQ:RAND) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,985 shares, a growth of 930.0% from the July 15th total of 484 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,104 shares, the short-interest ratio is presently 2.4 days.

Rand Capital Trading Up 0.0%

RAND traded up $0.01 during midday trading on Tuesday, reaching $10.07. 955 shares of the company’s stock traded hands, compared to its average volume of 1,946. The firm has a fifty day moving average of $10.21 and a two-hundred day moving average of $10.84. The stock has a market capitalization of $29.92 million, a price-to-earnings ratio of -251.87 and a beta of 0.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 90.68 and a quick ratio of 90.68. Rand Capital has a 52 week low of $10.00 and a 52 week high of $17.49.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings data on Wednesday, August 5th. The asset manager reported $0.24 earnings per share for the quarter. The firm had revenue of $1.39 million for the quarter. Rand Capital had a positive return on equity of 5.47% and a negative net margin of 2.67%.

Rand Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.16 dividend on an annualized basis and a yield of 11.5%. Rand Capital’s dividend payout ratio (DPR) is presently -2,900.00%.

Institutional Trading of Rand Capital

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Rand Capital in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Rand Capital

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.