Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 422 shares, a decline of 60.4% from the May 31st total of 1,067 shares. Based on an average daily trading volume, of 3,723 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Rand Capital Price Performance

RAND stock traded down $0.07 during trading on Tuesday, reaching $10.23. 736 shares of the company were exchanged, compared to its average volume of 4,166. The company has a market cap of $30.38 million, a P/E ratio of -3.30 and a beta of 0.08. Rand Capital has a 52-week low of $10.00 and a 52-week high of $20.00. The stock’s 50 day moving average price is $10.67 and its 200 day moving average price is $11.37. 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 (NASDAQ:RAND) last issued 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 company had revenue of $1.24 million for the quarter.

Rand Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Wednesday, May 27th. Rand Capital’s dividend payout ratio (DPR) is presently -37.42%.

Hedge Funds Weigh In On Rand Capital

An institutional investor recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC raised its position in Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 about 0.63% of Rand Capital worth $220,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

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

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.