Rand Capital (NASDAQ:RAND) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Rand Capital Corporation (NASDAQ:RAND) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.79 and traded as low as $10.13. Rand Capital shares last traded at $10.1650, with a volume of 2,291 shares changing hands.

Rand Capital Trading Up 0.1%

The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $11.79. The firm has a market capitalization of $30.19 million, a P/E ratio of -3.28 and a beta of 0.08.

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

Rand Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.4%. Rand Capital’s dividend payout ratio (DPR) is currently -37.42%.

Hedge Funds Weigh In On Rand Capital

An institutional investor recently raised its position in Rand Capital stock. O Shaughnessy Asset Management LLC boosted its stake in shares of Rand Capital Corporation (NASDAQ:RAND) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,851 shares of the asset manager’s stock after purchasing an additional 2,589 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.63% of Rand Capital worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Rand Capital Company Profile

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.