Rand Capital (NASDAQ:RAND) Posts Earnings Results

Rand Capital (NASDAQ:RAND) issued its earnings results on Monday. The asset manager reported $0.45 earnings per share (EPS) for the quarter, Zacks reports. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.

Rand Capital Stock Performance

Shares of NASDAQ:RAND opened at $22.16 on Monday. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $57.18 million, a price-to-earnings ratio of 4.47 and a beta of 0.44. Rand Capital has a 12 month low of $13.69 and a 12 month high of $31.89. The firm’s 50-day moving average is $22.76 and its 200 day moving average is $19.23.

Rand Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.24%. Rand Capital’s dividend payout ratio is presently 23.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Rand Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.