Rand Capital Corporation (NASDAQ:RAND) Short Interest Down 92.4% in March

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 235 shares, a drop of 92.4% from the February 26th total of 3,086 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,856 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 5,856 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rand Capital stock. O Shaughnessy Asset Management LLC increased its holdings in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,851 shares of the asset manager’s stock after acquiring an additional 2,589 shares during the period. O Shaughnessy Asset Management LLC owned about 0.63% of Rand Capital worth $220,000 at the end of the most recent quarter.

Analyst Upgrades and Downgrades

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

Rand Capital Stock Performance

Shares of NASDAQ:RAND traded up $0.34 on Tuesday, hitting $11.84. The stock had a trading volume of 2,671 shares, compared to its average volume of 5,336. Rand Capital has a twelve month low of $10.05 and a twelve month high of $21.30. The firm’s 50 day moving average price is $11.35 and its 200-day moving average price is $12.98. The company has a market capitalization of $35.16 million, a price-to-earnings ratio of -4.40 and a beta of 0.19.

Rand Capital (NASDAQ:RAND) last announced 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 during the quarter.

Rand Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.16 annualized dividend and a dividend yield of 9.8%. Rand Capital’s dividend payout ratio (DPR) is presently -43.12%.

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.