Shufro Rose & Co. LLC trimmed its stake in Rand Capital Corporation (NASDAQ:RAND - Free Report) by 53.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the asset manager's stock after selling 16,000 shares during the quarter. Shufro Rose & Co. LLC owned approximately 0.47% of Rand Capital worth $263,000 at the end of the most recent reporting period.
Separately, Courier Capital LLC acquired a new stake in shares of Rand Capital in the 1st quarter valued at approximately $315,000.
Rand Capital Price Performance
Rand Capital stock opened at $18.23 on Friday. The company's 50-day moving average is $16.64 and its 200-day moving average is $19.42. The firm has a market capitalization of $54.14 million, a PE ratio of 5.75 and a beta of 0.27. Rand Capital Corporation has a fifty-two week low of $14.95 and a fifty-two week high of $31.89.
Rand Capital (NASDAQ:RAND - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The asset manager reported $0.40 EPS for the quarter. The business had revenue of $2.01 million during the quarter. Rand Capital had a return on equity of 6.89% and a net margin of 97.28%.
Rand Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 6.4%. Rand Capital's dividend payout ratio (DPR) is currently 36.59%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Rand Capital from a "hold" rating to a "buy" rating in a report on Friday, May 16th.
Get Our Latest Stock Report on RAND
Rand Capital Profile
(
Free Report)
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.
Further Reading
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