Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 484 shares, an increase of 348.1% from the June 30th total of 108 shares. Based on an average daily volume of 1,605 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management bought a new position in Rand Capital Corporation (NASDAQ:RAND) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned about 0.37% of Rand Capital as of its most recent filing with the Securities and Exchange Commission.

Rand Capital Stock Up 0.9%

RAND stock opened at $10.21 on Friday. The firm has a market cap of $30.31 million, a PE ratio of -3.29 and a beta of 0.10. Rand Capital has a 1 year low of $10.00 and a 1 year high of $19.04. The company has a fifty day simple moving average of $10.37 and a 200 day simple moving average of $10.97. The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Wednesday, May 6th. The asset manager reported $0.18 EPS for the quarter. Rand Capital had a negative net margin of 162.06% and a positive return on equity of 5.87%. The firm had revenue of $1.24 million for the quarter.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.4%. Rand Capital’s dividend payout ratio is currently -37.42%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rand Capital in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Rand Capital Company Profile

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.