Rand Capital (NASDAQ:RAND) Stock Price Crosses Above Two Hundred Day Moving Average of $13.48

Shares of Rand Capital Co. (NASDAQ:RAND) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.48 and traded as high as $13.83. Rand Capital shares last traded at $13.83, with a volume of 307 shares traded.

Rand Capital Stock Performance

The firm has a 50-day moving average of $13.78 and a 200 day moving average of $13.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 23.73 and a current ratio of 23.73.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $1.93 million for the quarter. Rand Capital had a return on equity of 5.39% and a net margin of 88.95%.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date was Tuesday, March 12th. Rand Capital’s payout ratio is 39.53%.

Insider Activity

In other news, Director Benjamin E. Godley bought 1,965 shares of Rand Capital stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $13.95 per share, for a total transaction of $27,411.75. Following the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $348,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 68.20% of the company’s stock.

About Rand Capital

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.