Rand Capital (RAND) Scheduled to Post Quarterly Earnings on Monday

Rand Capital (NASDAQ:RAND) is set to release its earnings data before the market opens on Monday, May 13th. Investors that are interested in participating in the company’s conference call can do so using this link.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings data on Tuesday, March 5th. The asset manager reported $0.40 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 Price Performance

Shares of Rand Capital stock opened at $13.83 on Monday. Rand Capital has a fifty-two week low of $12.50 and a fifty-two week high of $14.55. The company has a current ratio of 23.73, a quick ratio of 23.73 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $13.91 and a 200 day moving average of $13.53.

Rand Capital Dividend Announcement

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

Insider Activity at Rand Capital

In related news, Director Benjamin E. Godley bought 1,965 shares of the stock in a transaction on Tuesday, March 12th. The stock was bought at an average price of $13.95 per share, with a total value of $27,411.75. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $348,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 68.20% of the stock is owned by insiders.

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.