Rand Capital CEO Purchases $15,500 in Stock (RAND)
Rand Capital (NASDAQ:RAND) CEO Allen F. Grum bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $3.10 per share, for a total transaction of $15,500.00. Following the completion of the transaction, the chief executive officer now directly owns 116,142 shares of the company’s stock, valued at approximately $360,040. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Rand Capital (NASDAQ:RAND) opened at 3.16 on Tuesday. Rand Capital has a 52-week low of $2.71 and a 52-week high of $3.60. The stock’s 50-day moving average is $3.10 and its 200-day moving average is $3.25. The company has a market cap of $20.3 million and a price-to-earnings ratio of 6.53.
Rand Capital Corporation (NASDAQ:RAND) is engaged in making venture capital investments in small to medium sized companies that are engaged in the exploitation of products or services, typically in New York and its surrounding states.
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