Rand Capital Corporation (NASDAQ:RAND) Short Interest Update

Rand Capital Corporation (NASDAQ:RAND) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 493 shares, an increase of 173.9% from the December 31st total of 180 shares. Based on an average daily volume of 6,365 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,365 shares, the short-interest ratio is presently 0.1 days.

Rand Capital Stock Down 0.0%

Shares of NASDAQ:RAND traded down $0.01 during midday trading on Thursday, reaching $11.25. 1,113 shares of the company traded hands, compared to its average volume of 5,458. The firm’s fifty day moving average price is $12.92 and its two-hundred day moving average price is $14.54. The firm has a market capitalization of $33.40 million, a price-to-earnings ratio of -2.68 and a beta of 0.20. Rand Capital has a 12 month low of $10.56 and a 12 month high of $31.89.

Rand Capital (NASDAQ:RAND) last posted its earnings results on Friday, November 7th. The asset manager reported $0.33 earnings per share for the quarter. Rand Capital had a positive return on equity of 7.12% and a negative net margin of 164.74%.The business had revenue of $1.58 million during the quarter.

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Tuesday, December 16th. Rand Capital’s dividend payout ratio is currently -27.62%.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management purchased a new position in Rand Capital Corporation (NASDAQ:RAND) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned about 0.37% of Rand Capital at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Rand Capital in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Rand Capital currently has an average rating of “Sell”.

About Rand Capital

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.