Rand Capital Co. (NASDAQ:RAND) Director Reginald B. Newman II purchased 20,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was acquired at an average cost of $2.75 per share, with a total value of $55,000.00. Following the transaction, the director now directly owns 150,000 shares in the company, valued at approximately $412,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rand Capital Co. (NASDAQ RAND) traded up $0.01 during midday trading on Friday, hitting $2.77. 57,348 shares of the company traded hands, compared to its average volume of 39,296. The company has a debt-to-equity ratio of 0.25, a quick ratio of 156.38 and a current ratio of 156.38. The company has a market cap of $17.44, a price-to-earnings ratio of -15.39 and a beta of 0.12. Rand Capital Co. has a 1 year low of $2.72 and a 1 year high of $3.50.

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

Separately, ValuEngine raised shares of Rand Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Associated Banc Corp bought a new position in shares of Rand Capital during the 3rd quarter worth approximately $890,000. Shufro Rose & Co. LLC raised its stake in shares of Rand Capital by 11.4% during the 3rd quarter. Shufro Rose & Co. LLC now owns 179,639 shares of the asset manager’s stock worth $528,000 after acquiring an additional 18,339 shares in the last quarter. Finally, Raffles Associates LP raised its stake in shares of Rand Capital by 27.3% during the 2nd quarter. Raffles Associates LP now owns 70,000 shares of the asset manager’s stock worth $195,000 after acquiring an additional 15,000 shares in the last quarter. Hedge funds and other 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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