Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,067 shares, an increase of 5,235.0% from the May 14th total of 20 shares. Based on an average daily volume of 5,270 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Rand Capital Price Performance

RAND opened at $10.08 on Thursday. The company has a quick ratio of 82.98, a current ratio of 82.98 and a debt-to-equity ratio of 0.01. Rand Capital has a 52-week low of $10.00 and a 52-week high of $20.00. The company has a 50 day moving average of $10.93 and a two-hundred day moving average of $11.74. The company has a market cap of $29.94 million, a P/E ratio of -3.25 and a beta of 0.08.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share for the quarter. Rand Capital had a negative net margin of 162.06% and a positive return on equity of 5.87%. The business had revenue of $1.24 million for the quarter.

Rand Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend was Wednesday, May 27th. Rand Capital’s dividend payout ratio is -37.42%.

Institutional Trading of Rand Capital

An institutional investor recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC increased its holdings in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,851 shares of the asset manager’s stock after purchasing 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 filing with the Securities and Exchange Commission.

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.