Rand Capital Co. (NASDAQ:RAND) Short Interest Down 76.5% in April

Rand Capital Co. (NASDAQ:RAND - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,900 shares, a drop of 76.5% from the March 31st total of 8,100 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is currently 0.1 days.

Rand Capital Price Performance

Shares of RAND stock traded up $0.23 during trading hours on Friday, hitting $19.66. The stock had a trading volume of 3,462 shares, compared to its average volume of 8,045. The stock's 50-day moving average price is $20.89 and its two-hundred day moving average price is $19.73. Rand Capital has a one year low of $13.82 and a one year high of $31.89. The stock has a market capitalization of $58.38 million, a price-to-earnings ratio of 3.95 and a beta of 0.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99.

Rand Capital (NASDAQ:RAND - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The asset manager reported $0.45 EPS for the quarter. The business had revenue of $2.14 million during the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 5.90%. Rand Capital's dividend payout ratio (DPR) is presently 33.92%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Rand Capital from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Courier Capital LLC purchased a new position in shares of Rand Capital Co. (NASDAQ:RAND - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,763 shares of the asset manager's stock, valued at approximately $315,000. Courier Capital LLC owned 0.56% of Rand Capital at the end of the most recent quarter.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.

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