Rand Capital (NASDAQ:RAND) Stock Crosses Above 200 Day Moving Average of $13.50

Shares of Rand Capital Co. (NASDAQ:RAND) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.50 and traded as high as $13.78. Rand Capital shares last traded at $13.78, with a volume of 107 shares changing hands.

Rand Capital Stock Down 0.5 %

The stock’s fifty day moving average is $13.84 and its 200-day moving average is $13.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 23.73 and a quick ratio of 23.73.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.40 earnings per share for the quarter. The business had revenue of $1.93 million during the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%.

Rand Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.00 dividend on an annualized basis and a yield of 7.26%. Rand Capital’s dividend payout ratio is currently 39.53%.

Insider Activity

In other Rand Capital news, Director Benjamin E. Godley acquired 1,965 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $13.95 per share, with a total value of $27,411.75. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $348,750. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 68.20% of the company’s stock.

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.