Rand Capital (NASDAQ:RAND) Shares Cross Above 200-Day Moving Average of $13.39

Rand Capital Co. (NASDAQ:RAND) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.39 and traded as high as $13.43. Rand Capital shares last traded at $13.43, with a volume of 434 shares traded.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Rand Capital from a “c+” rating to a “b” rating in a report on Friday, August 18th.

Rand Capital Stock Performance

The firm’s fifty day simple moving average is $13.46 and its 200 day simple moving average is $13.39. The company has a market capitalization of $34.64 million, a PE ratio of 5.53 and a beta of 0.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 21.29 and a quick ratio of 21.29.

Rand Capital (NASDAQ:RAND) last issued its earnings results on Friday, August 4th. The asset manager reported $0.19 EPS for the quarter. The firm had revenue of $1.82 million for the quarter. Rand Capital had a return on equity of 6.04% and a net margin of 90.12%.

Rand Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.45%. Rand Capital’s payout ratio is 41.15%.

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.