Rand Capital Co. (NASDAQ:RAND) Sees Large Increase in Short Interest

Rand Capital Co. (NASDAQ:RAND) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,200 shares, a growth of 68.8% from the February 13th total of 9,600 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.6% of the shares of the company are sold short.

Rand Capital Price Performance

NASDAQ:RAND traded down $1.98 during trading hours on Friday, hitting $22.50. The company’s stock had a trading volume of 12,580 shares, compared to its average volume of 18,997. The business’s 50-day moving average is $23.13 and its two-hundred day moving average is $19.37. The company has a market capitalization of $58.07 million, a PE ratio of 4.52 and a beta of 0.44. 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 has a 52-week low of $13.69 and a 52-week high of $31.89.

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

Rand Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 5.16%. Rand Capital’s dividend payout ratio is presently 33.92%.

Analyst Ratings Changes

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

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.