Rand Capital (NASDAQ:RAND) Shares Pass Above 200-Day Moving Average of $13.48

Rand Capital Co. (NASDAQ:RAND)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.48 and traded as high as $13.83. Rand Capital shares last traded at $13.83, with a volume of 307 shares.

Rand Capital Price Performance

The company has a current ratio of 23.73, a quick ratio of 23.73 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $13.78 and a two-hundred day moving average of $13.48.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Tuesday, March 5th. The asset manager reported $0.40 earnings per share for the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%. The firm had revenue of $1.93 million during the quarter.

Rand Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.23%. Rand Capital’s dividend payout ratio (DPR) is currently 39.53%.

Insider Transactions at Rand Capital

In other Rand Capital news, Director Benjamin E. Godley purchased 1,965 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $13.95 per share, for a total transaction of $27,411.75. Following the purchase, the director now directly owns 25,000 shares in the company, valued at $348,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 68.20% of the company’s stock.

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.