Rand Capital (NASDAQ:RAND) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Rand Capital Corporation (NASDAQ:RAND) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.79 and traded as low as $10.13. Rand Capital shares last traded at $10.1650, with a volume of 2,291 shares traded.

Rand Capital Price Performance

The firm has a market capitalization of $29.94 million, a price-to-earnings ratio of -3.25 and a beta of 0.08. The stock’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $11.74. The company has a quick ratio of 82.98, a current ratio of 82.98 and a debt-to-equity ratio of 0.01.

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

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a yield of 11.5%. Rand Capital’s payout ratio is currently -37.42%.

Institutional Inflows and Outflows

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

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.