Rand Capital (NASDAQ:RAND) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Rand Capital Co. (NASDAQ:RAND) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.62 and traded as high as $21.30. Rand Capital shares last traded at $19.80, with a volume of 25,117 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Rand Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th.

Rand Capital Price Performance

The firm has a market capitalization of $58.81 million, a PE ratio of 3.98 and a beta of 0.40. The business’s 50 day moving average is $21.53 and its two-hundred day moving average is $19.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings data on Monday, March 10th. The asset manager reported $0.45 EPS for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%. The company had revenue of $2.14 million during the quarter.

Rand Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 5.86%. Rand Capital’s payout ratio is 33.92%.

Institutional Trading of Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC acquired a new position in Rand Capital Co. (NASDAQ:RAND) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,763 shares of the asset manager’s stock, valued at approximately $315,000. Courier Capital LLC owned 0.56% of Rand Capital as of its most recent filing with the Securities and Exchange Commission.

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.