Short Interest in Rand Capital Co. (NASDAQ:RAND) Expands By 25.0%

Rand Capital Co. (NASDAQ:RAND) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,500 shares, a growth of 25.0% from the April 30th total of 2,000 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.

Rand Capital Price Performance

RAND stock traded down $0.09 during mid-day trading on Tuesday, hitting $15.03. The company had a trading volume of 3,342 shares, compared to its average volume of 7,985. The company has a 50-day moving average price of $18.06 and a 200 day moving average price of $19.93. Rand Capital has a 12-month low of $14.01 and a 12-month high of $31.89. The company has a market capitalization of $44.64 million, a price-to-earnings ratio of 3.02 and a beta of 0.33. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06.

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

Rand Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend is Friday, May 30th. Rand Capital’s payout ratio is 36.59%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Rand Capital from a “hold” rating to a “buy” rating in a research report on Friday, May 16th.

Institutional Trading of Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC purchased a new position in Rand Capital Co. (NASDAQ:RAND) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,763 shares of the asset manager’s stock, valued at approximately $315,000. Courier Capital LLC owned approximately 0.56% of Rand Capital at the end of the most recent quarter.

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.