ValuEngine upgraded shares of Rand Capital (NASDAQ:RAND) from a hold rating to a buy rating in a research note released on Friday morning.

Shares of Rand Capital (RAND) remained flat at $$2.88 during trading hours on Friday. The stock had a trading volume of 400 shares, compared to its average volume of 11,610. The company has a debt-to-equity ratio of 0.25, a quick ratio of 156.38 and a current ratio of 156.38. Rand Capital has a twelve month low of $2.75 and a twelve month high of $3.48.

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

Large investors have recently modified their holdings of the business. Raffles Associates LP increased its stake in Rand Capital by 27.3% during the second quarter. Raffles Associates LP now owns 70,000 shares of the asset manager’s stock worth $195,000 after purchasing an additional 15,000 shares during the period. Shufro Rose & Co. LLC increased its stake in shares of Rand Capital by 3.9% during the second quarter. Shufro Rose & Co. LLC now owns 161,300 shares of the asset manager’s stock worth $450,000 after buying an additional 6,000 shares during the period. Finally, Associated Banc Corp purchased a new stake in shares of Rand Capital during the third quarter worth approximately $890,000. Institutional investors own 17.97% of the company’s stock.

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About Rand Capital

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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