Somewhat Positive News Coverage Somewhat Unlikely to Affect Rand Capital Corporation (NASDAQ:RAND) Share Price
News coverage about Rand Capital Corporation (NASDAQ:RAND) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rand Capital Corporation earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.3591560787418 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, TheStreet downgraded shares of Rand Capital Corporation from a “c” rating to a “d+” rating in a research note on Tuesday, April 18th.
Rand Capital Corporation (NASDAQ:RAND) opened at 2.82 on Tuesday. Rand Capital Corporation has a 52-week low of $2.75 and a 52-week high of $3.79. The firm’s 50-day moving average is $2.80 and its 200-day moving average is $2.95. The stock’s market cap is $17.83 million.
In other Rand Capital Corporation news, Director Robert M. Zak purchased 20,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $3.00 per share, for a total transaction of $60,000.00. Following the completion of the purchase, the director now directly owns 85,000 shares of the company’s stock, valued at $255,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.20% of the stock is owned by corporate insiders.
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Rand Capital Corporation 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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