Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,985 shares, an increase of 930.0% from the July 15th total of 484 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,104 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On Rand Capital

A hedge fund recently raised its stake in Rand Capital stock. O Shaughnessy Asset Management LLC grew its position in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,851 shares of the asset manager’s stock after buying an additional 2,589 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.63% of Rand Capital worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Rand Capital Stock Performance

NASDAQ:RAND traded down $0.04 during mid-day trading on Wednesday, reaching $10.12. The company’s stock had a trading volume of 828 shares, compared to its average volume of 3,774. The company has a current ratio of 90.68, a quick ratio of 90.68 and a debt-to-equity ratio of 0.10. The stock has a market cap of $30.04 million, a P/E ratio of -252.88 and a beta of 0.10. The firm’s fifty day moving average price is $10.21 and its two-hundred day moving average price is $10.84. Rand Capital has a 12-month low of $10.00 and a 12-month high of $17.49.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $0.24 earnings per share (EPS) for the quarter. Rand Capital had a negative net margin of 2.67% and a positive return on equity of 5.47%. The firm had revenue of $1.39 million for the quarter.

Rand Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.16 annualized dividend and a yield of 11.5%. Rand Capital’s dividend payout ratio (DPR) is currently -2,900.00%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rand Capital in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.