Rand Capital (NASDAQ:RAND) Share Price Passes Above Two Hundred Day Moving Average of $13.50

Shares of Rand Capital Co. (NASDAQ:RAND) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.50 and traded as high as $13.78. Rand Capital shares last traded at $13.78, with a volume of 107 shares trading hands.

Rand Capital Trading Down 0.5 %

The company has a quick ratio of 23.73, a current ratio of 23.73 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $13.84 and its 200-day moving average price is $13.50.

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

Rand Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date was Tuesday, March 12th. Rand Capital’s payout ratio is 39.53%.

Insiders Place Their Bets

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

About Rand Capital

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.