Short Interest in Rand Capital Co. (NASDAQ:RAND) Grows By 68.8%

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

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.

Rand Capital Stock Down 8.1 %

Shares of NASDAQ:RAND traded down $1.98 on Friday, reaching $22.50. The company had a trading volume of 12,580 shares, compared to its average volume of 18,997. Rand Capital has a twelve month low of $13.69 and a twelve month high of $31.89. The stock has a 50-day moving average price of $23.13 and a 200 day moving average price of $19.37. The stock has a market capitalization of $58.07 million, a P/E ratio of 4.52 and a beta of 0.44. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share 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 during the quarter.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.16%. Rand Capital’s dividend payout ratio is currently 33.92%.

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.