Rand Capital Co. (RAND) Director Buys $55,000.00 in Stock

Rand Capital Co. (NASDAQ:RAND) Director Reginald B. Newman II bought 20,000 shares of Rand Capital stock in a transaction that occurred on Thursday, January 18th. The stock was bought at an average price of $2.75 per share, for a total transaction of $55,000.00. Following the completion of the acquisition, the director now directly owns 150,000 shares of the company’s stock, valued at $412,500. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rand Capital Co. (NASDAQ RAND) traded up $0.01 during trading on Friday, hitting $2.77. The company’s stock had a trading volume of 57,348 shares, compared to its average volume of 30,554. The company has a market cap of $17.38, a PE ratio of -15.39 and a beta of 0.12. Rand Capital Co. has a 52-week low of $2.72 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 156.38 and a quick ratio of 156.38.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Monday, November 6th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $0.40 million for the quarter. Rand Capital had a negative return on equity of 1.56% and a negative net margin of 83.79%.

Separately, ValuEngine upgraded Rand Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Several institutional investors have recently bought and sold shares of the business. Raffles Associates LP boosted its holdings in shares of Rand Capital by 27.3% during the 2nd quarter. Raffles Associates LP now owns 70,000 shares of the asset manager’s stock worth $195,000 after buying an additional 15,000 shares in the last quarter. Shufro Rose & Co. LLC boosted its holdings in shares of Rand Capital by 11.4% during the 3rd quarter. Shufro Rose & Co. LLC now owns 179,639 shares of the asset manager’s stock worth $528,000 after buying an additional 18,339 shares in the last quarter. Finally, Associated Banc Corp bought a new position in shares of Rand Capital during the 3rd quarter worth approximately $890,000. Hedge funds and other institutional investors own 17.97% of the company’s stock.

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Rand Capital Company Profile

Rand Capital Corporation is a closed-end, diversified, management investment company. The Company provides managerial assistance to the portfolio companies in which it invests. The Company makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states.

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