Short Interest in Rand Capital Corporation (NASDAQ:RAND) Declines By 74.4%

Rand Capital Corporation (NASDAQ:RAND) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 108 shares, a decrease of 74.4% from the June 15th total of 422 shares. Based on an average daily trading volume, of 1,856 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Rand Capital Trading Down 0.5%

NASDAQ:RAND opened at $10.15 on Tuesday. The company has a market capitalization of $30.15 million, a PE ratio of -3.27 and a beta of 0.10. 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 $10.53 and its 200 day moving average price is $11.05. 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 (NASDAQ:RAND) last issued its quarterly earnings data on Wednesday, May 6th. The asset manager reported $0.18 earnings per share for the quarter. The company had revenue of $1.24 million during the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Rand Capital’s payout ratio is presently -37.42%.

Institutional Trading of Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management acquired a new position in shares of Rand Capital Corporation (NASDAQ:RAND) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned about 0.37% of Rand Capital as of its most recent filing with the SEC.

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.