Short Interest in Rand Capital Corporation (NASDAQ:RAND) Rises By 100.0%

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 20 shares, a growth of 100.0% from the April 30th total of 10 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,512 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management acquired a new stake in Rand Capital Corporation (NASDAQ:RAND) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Rand Capital Trading Up 0.5%

Shares of NASDAQ RAND traded up $0.05 during midday trading on Tuesday, hitting $10.75. The stock had a trading volume of 1,557 shares, compared to its average volume of 3,726. The firm has a market cap of $31.93 million, a P/E ratio of -3.46 and a beta of 0.08. Rand Capital has a fifty-two week low of $10.05 and a fifty-two week high of $20.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The company’s 50-day simple moving average is $11.13 and its 200 day simple moving average is $11.91.

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

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Wednesday, May 27th. Rand Capital’s dividend payout ratio (DPR) is -37.42%.

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.