Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 493 shares, an increase of 173.9% from the December 31st total of 180 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,365 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 6,365 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management bought a new position in Rand Capital Corporation (NASDAQ:RAND) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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 quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Rand Capital in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Rand Capital Trading Down 2.3%

RAND traded down $0.27 during trading on Friday, reaching $11.13. The stock had a trading volume of 4,042 shares, compared to its average volume of 5,397. The stock’s 50 day moving average is $12.82 and its two-hundred day moving average is $14.47. The company has a market capitalization of $33.04 million, a price-to-earnings ratio of -2.65 and a beta of 0.20. Rand Capital has a one year low of $10.56 and a one year high of $31.89.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings data on Friday, November 7th. The asset manager reported $0.33 EPS for the quarter. Rand Capital had a negative net margin of 164.74% and a positive return on equity of 7.12%. The business had revenue of $1.58 million for the quarter.

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Tuesday, December 16th. Rand Capital’s dividend payout ratio is currently -27.62%.

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.