Rand Capital Corporation (NASDAQ:RAND) Short Interest Down 99.7% in April
by Jessica Moore · The Cerbat GemRand Capital Corporation (NASDAQ:RAND – Get Free Report) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 6 shares, a decrease of 99.7% from the March 31st total of 2,390 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,487 shares, the days-to-cover ratio is presently 0.0 days.
Rand Capital Stock Performance
NASDAQ RAND traded down $0.15 during trading hours on Friday, hitting $10.91. The company had a trading volume of 1,099 shares, compared to its average volume of 2,833. Rand Capital has a 52 week low of $10.05 and a 52 week high of $20.00. The firm has a 50 day simple moving average of $11.39 and a 200 day simple moving average of $12.44. The firm has a market capitalization of $32.39 million, a price-to-earnings ratio of -4.05 and a beta of 0.16.
Rand Capital (NASDAQ:RAND – Get Free Report) last posted its earnings results on Thursday, March 5th. The asset manager reported $0.20 earnings per share (EPS) for the quarter. Rand Capital had a negative net margin of 124.17% and a positive return on equity of 6.55%. The business had revenue of $1.29 million for the quarter.
Rand Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Rand Capital’s dividend payout ratio (DPR) is presently -43.12%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Rand Capital in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Analysis on Rand Capital
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management purchased a new stake in Rand Capital Corporation (NASDAQ:RAND – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned 0.37% of Rand Capital at the end of the most recent reporting period.
About Rand Capital
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.