Shares of Rand Capital Co. (NASDAQ:RAND - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.54 and traded as high as $20.00. Rand Capital shares last traded at $18.49, with a volume of 10,267 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com lowered Rand Capital from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th.
View Our Latest Analysis on Rand Capital
Rand Capital Price Performance
The company has a market cap of $58.09 million, a P/E ratio of 3.93 and a beta of 0.40. The firm's 50-day moving average is $21.77 and its two-hundred day moving average is $19.58. 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 released its quarterly earnings results on Monday, March 10th. The asset manager reported $0.45 EPS for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%. The firm had revenue of $2.14 million during the quarter.
Rand Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 5.93%. The ex-dividend date was Friday, March 14th. Rand Capital's dividend payout ratio is presently 33.92%.
Hedge Funds Weigh In On Rand Capital
A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC purchased a new position in shares of Rand Capital Co. (NASDAQ:RAND - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,763 shares of the asset manager's stock, valued at approximately $315,000. Courier Capital LLC owned approximately 0.56% of Rand Capital at the end of the most recent quarter.
About Rand Capital
(
Get Free Report)
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.
Featured Stories
Before you consider Rand Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rand Capital wasn't on the list.
While Rand Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
