StockNews.com Upgrades Rand Capital (NASDAQ:RAND) to “Buy”

Rand Capital (NASDAQ:RAND) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Rand Capital Stock Up 5.0%

Shares of NASDAQ RAND opened at $16.57 on Friday. The company has a market capitalization of $49.20 million, a P/E ratio of 3.33 and a beta of 0.33. Rand Capital has a 52-week low of $14.01 and a 52-week high of $31.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99. The company’s 50 day moving average price is $18.99 and its 200-day moving average price is $19.90.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings results on Monday, May 5th. The asset manager reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $2.01 million for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Institutional Trading of Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC purchased a new stake in shares of Rand Capital Co. (NASDAQ:RAND) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 & 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.