Rand Capital Co. (NASDAQ:RAND) Short Interest Update

Rand Capital Co. (NASDAQ:RAND - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,200 shares, a growth of 68.8% from the February 13th total of 9,600 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 17,700 shares, the short-interest ratio is currently 0.9 days.

Rand Capital Stock Performance

NASDAQ RAND traded down $1.36 on Wednesday, hitting $18.50. 30,858 shares of the company's stock were exchanged, compared to its average volume of 7,360. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. The firm's 50-day moving average price is $23.15 and its two-hundred day moving average price is $19.39. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89. The firm has a market cap of $54.95 million, a price-to-earnings ratio of 3.71 and a beta of 0.44.

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

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Friday, March 14th. Rand Capital's payout ratio is 33.92%.

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Analysts Set New Price Targets

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

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.