Rand Capital Corporation (NASDAQ:RAND) Short Interest Down 30.8% in September

Rand Capital Corporation (NASDAQ:RAND) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 900 shares, a drop of 30.8% from the August 31st total of 1,300 shares. Based on an average daily volume of 5,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,200 shares, the short-interest ratio is currently 0.2 days.

Rand Capital Stock Down 1.3%

Shares of NASDAQ RAND opened at $14.57 on Wednesday. Rand Capital has a 52-week low of $13.82 and a 52-week high of $31.89. The firm has a fifty day moving average of $15.58 and a 200-day moving average of $16.81. The stock has a market capitalization of $43.26 million, a PE ratio of -5.99 and a beta of 0.21.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings data on Monday, August 4th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. Rand Capital had a negative net margin of 90.42% and a positive return on equity of 6.97%. The company had revenue of $1.60 million during the quarter.

Rand Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Friday, August 29th. Rand Capital’s dividend payout ratio is -47.74%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Rand Capital in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rand Capital has a consensus rating of “Sell”.

Institutional Trading of Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Courier Capital LLC purchased a new position in shares of Rand Capital Corporation (NASDAQ:RAND) in the first quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent quarter.

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.