Rand Capital Co. (NASDAQ:RAND) Sees Large Increase in Short Interest

Rand Capital Co. (NASDAQ:RAND) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,500 shares, an increase of 25.0% from the April 30th total of 2,000 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC acquired a new stake in shares of Rand Capital Co. (NASDAQ:RAND) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,763 shares of the asset manager’s stock, valued at approximately $315,000. Courier Capital LLC owned about 0.56% of Rand Capital at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Rand Capital from a “hold” rating to a “buy” rating in a research report on Friday, May 16th.

Rand Capital Trading Up 2.7%

NASDAQ:RAND opened at $15.48 on Thursday. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $45.98 million, a price-to-earnings ratio of 3.11 and a beta of 0.33. The firm has a fifty day simple moving average of $17.91 and a two-hundred day simple moving average of $19.87. Rand Capital has a 12 month low of $14.01 and a 12 month high of $31.89.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Monday, May 5th. The asset manager reported $0.40 EPS for the quarter. The business had revenue of $2.01 million during the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date is Friday, May 30th. Rand Capital’s payout ratio is 36.59%.

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.