Short Interest in Rand Capital Corporation (NASDAQ:RAND) Increases By 930.0%

Rand Capital Corporation (NASDAQ:RAND) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 4,985 shares, an increase of 930.0% from the July 15th total of 484 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,104 shares, the days-to-cover ratio is currently 2.4 days.

Rand Capital Trading Up 0.0%

NASDAQ RAND traded up $0.01 during trading on Tuesday, hitting $10.07. 955 shares of the company’s stock traded hands, compared to its average volume of 1,946. The stock has a fifty day moving average of $10.21 and a two-hundred day moving average of $10.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 90.68 and a quick ratio of 90.68. Rand Capital has a 12-month low of $10.00 and a 12-month high of $17.49. The firm has a market cap of $29.92 million, a P/E ratio of -251.87 and a beta of 0.10.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings data on Wednesday, August 5th. The asset manager reported $0.24 EPS for the quarter. Rand Capital had a positive return on equity of 5.47% and a negative net margin of 2.67%.The firm had revenue of $1.39 million for the quarter.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 11.5%. The ex-dividend date is Wednesday, August 26th. Rand Capital’s dividend payout ratio (DPR) is presently -2,900.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Rand Capital in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management acquired a new stake in shares of Rand Capital Corporation (NASDAQ:RAND) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned 0.37% of Rand Capital as of its most recent filing with the Securities and Exchange Commission (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.