Shufro Rose & Co. LLC Trims Stake in Rand Capital Corporation (NASDAQ:RAND)

Key Points

• Shufro Rose & Co. LLC reduced its stake in Rand Capital Corporation by 53.3%, selling 16,000 shares and leaving them with a total of 14,000 shares worth $263,000.
• Rand Capital recently declared a quarterly dividend of $0.29 per share, yielding 6.4% with a dividend payout ratio of 36.59%.
• Wall Street Zen upgraded Rand Capital's rating from "hold" to "buy" as of May 16th.

Shufro Rose & Co. LLC decreased its holdings in Rand Capital Corporation (NASDAQ:RAND - Free Report) by 53.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,000 shares of the asset manager's stock after selling 16,000 shares during the quarter. Shufro Rose & Co. LLC owned about 0.47% of Rand Capital worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Courier Capital LLC bought a new stake in shares of Rand Capital during the 1st quarter valued at about $315,000.

Analyst Ratings Changes

Separately, Wall Street Zen raised Rand Capital from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

Rand Capital Trading Up 0.2%

Shares of NASDAQ RAND traded up $0.04 during trading hours on Tuesday, hitting $17.73. 4,694 shares of the company traded hands, compared to its average volume of 10,746. The company's 50 day moving average price is $16.69 and its 200 day moving average price is $19.34. The stock has a market capitalization of $52.64 million, a price-to-earnings ratio of 5.59 and a beta of 0.27. Rand Capital Corporation has a 12 month low of $14.95 and a 12 month high of $31.89.

Rand Capital (NASDAQ:RAND - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. Rand Capital had a return on equity of 6.89% and a net margin of 97.28%. The business had revenue of $1.60 million for the quarter.

Rand Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, August 29th. Rand Capital's dividend payout ratio (DPR) is presently 36.59%.

Rand Capital Profile

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.