Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 100.0% in May

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 20 shares, a growth of 100.0% from the April 30th total of 10 shares. Based on an average daily volume of 2,512 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Rand Capital Trading Up 1.2%

NASDAQ:RAND traded up $0.13 during trading hours on Monday, hitting $10.73. The stock had a trading volume of 1,131 shares, compared to its average volume of 4,356. The business’s 50 day moving average is $11.14 and its 200-day moving average is $11.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 82.98 and a current ratio of 82.98. Rand Capital has a one year low of $10.05 and a one year high of $20.00. The company has a market cap of $31.85 million, a price-to-earnings ratio of -3.46 and a beta of 0.08.

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

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.16 annualized dividend and a dividend yield of 10.8%. Rand Capital’s dividend payout ratio is currently -37.42%.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC lifted its stake in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 approximately 0.63% of Rand Capital worth $220,000 at the end of the most recent quarter.

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.