Short Interest in Rand Capital Co. (NASDAQ:RAND) Declines By 76.5%

Rand Capital Co. (NASDAQ:RAND - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,900 shares, a decline of 76.5% from the March 31st total of 8,100 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 15,700 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Rand Capital from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th.

Rand Capital Price Performance

RAND traded up $0.12 on Wednesday, hitting $19.10. 1,828 shares of the company were exchanged, compared to its average volume of 7,997. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99. The firm has a market capitalization of $56.73 million, a P/E ratio of 3.84 and a beta of 0.40. Rand Capital has a fifty-two week low of $13.82 and a fifty-two week high of $31.89. The business's fifty day moving average is $20.52 and its 200 day moving average is $19.76.

Rand Capital (NASDAQ:RAND - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The asset manager reported $0.45 earnings per share for the quarter. The business had revenue of $2.14 million during the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.07%. Rand Capital's dividend payout ratio is currently 33.92%.

Institutional Trading of Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Courier Capital LLC acquired a new position in Rand Capital Co. (NASDAQ:RAND - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,763 shares of the asset manager's stock, valued at approximately $315,000. Courier Capital LLC owned approximately 0.56% of Rand Capital as of its most recent filing with the SEC.

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.