Rand Capital (NASDAQ:RAND) Announces Quarterly Earnings Results

Rand Capital (NASDAQ:RAND) posted its quarterly earnings results on Thursday. The asset manager reported $0.20 earnings per share (EPS) for the quarter, FiscalAI reports. Rand Capital had a positive return on equity of 7.12% and a negative net margin of 164.74%.The company had revenue of $1.29 million for the quarter.

Rand Capital Stock Down 0.4%

RAND traded down $0.05 on Thursday, reaching $11.53. The company had a trading volume of 609 shares, compared to its average volume of 5,116. Rand Capital has a 1 year low of $10.05 and a 1 year high of $26.00. The stock has a market capitalization of $34.24 million, a PE ratio of -2.75 and a beta of 0.19. The stock has a 50-day moving average price of $11.31 and a 200-day moving average price of $13.39.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 10.1%. The ex-dividend date is Wednesday, March 11th. Rand Capital’s dividend payout ratio (DPR) is currently -27.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Rand Capital in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Rand Capital

An institutional investor recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC boosted its position in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,851 shares of the asset manager’s stock after buying an additional 2,589 shares during the period. O Shaughnessy Asset Management LLC owned 0.63% of Rand Capital worth $220,000 as of its most recent SEC filing.

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.