Rand Capital (NASDAQ:RAND) Stock Price Passes Above 200 Day Moving Average of $13.89

Shares of Rand Capital Co. (NASDAQ:RANDGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.89 and traded as high as $17.80. Rand Capital shares last traded at $17.72, with a volume of 1,427 shares traded.

Rand Capital Trading Up 4.2 %

The firm’s 50-day moving average price is $14.60 and its 200 day moving average price is $13.89. The company has a current ratio of 28.32, a quick ratio of 28.32 and a debt-to-equity ratio of 0.31. The company has a market cap of $45.72 million, a price-to-earnings ratio of 7.95 and a beta of 0.52.

Rand Capital (NASDAQ:RANDGet Free Report) last posted its quarterly earnings results on Monday, May 13th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. Rand Capital had a net margin of 76.21% and a return on equity of 5.25%. The business had revenue of $2.07 million during the quarter.

Rand Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.16 annualized dividend and a yield of 6.55%. This is an increase from Rand Capital’s previous quarterly dividend of $0.25. Rand Capital’s dividend payout ratio (DPR) is presently 52.02%.

Insider Buying and Selling at Rand Capital

In related news, Director Benjamin E. Godley acquired 1,965 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of $13.95 per share, for a total transaction of $27,411.75. Following the purchase, the director now owns 25,000 shares in the company, valued at $348,750. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 68.20% of the company’s stock.

About Rand Capital

(Get Free Report)

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.

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