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.

ILLEGAL ACTIVITY WARNING: “Rand Capital (RAND) Raised to “Buy” at ValuEngine” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/04/rand-capital-rand-raised-to-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for Rand Capital Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Capital Co. and related stocks with our FREE daily email newsletter.