Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 484 shares, an increase of 348.1% from the June 30th total of 108 shares. Based on an average daily volume of 1,605 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management acquired a new stake in shares of Rand Capital Corporation (NASDAQ:RAND) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned 0.37% of Rand Capital at the end of the most recent quarter.

Rand Capital Stock Performance

NASDAQ RAND opened at $10.21 on Friday. The company’s fifty day moving average is $10.37 and its two-hundred day moving average is $10.97. Rand Capital has a 52-week low of $10.00 and a 52-week high of $19.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The firm has a market capitalization of $30.31 million, a price-to-earnings ratio of -3.29 and a beta of 0.10.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings data on Wednesday, May 6th. The asset manager reported $0.18 EPS for the quarter. Rand Capital had a negative net margin of 162.06% and a positive return on equity of 5.87%. The business had revenue of $1.24 million during the quarter.

Rand Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.16 annualized dividend and a yield of 11.4%. Rand Capital’s dividend payout ratio is -37.42%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rand Capital in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Rand Capital

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.