Rand Capital Co. (NASDAQ:RAND) Short Interest Down 76.5% in April

Rand Capital Co. (NASDAQ:RAND - Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,900 shares, a drop of 76.5% from the March 31st total of 8,100 shares. Based on an average trading volume of 15,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company's shares are short sold.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Rand Capital

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

Rand Capital Trading Down 0.4 %

RAND traded down $0.08 during trading on Friday, reaching $18.72. The company had a trading volume of 5,919 shares, compared to its average volume of 7,997. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. Rand Capital has a 52 week low of $13.82 and a 52 week high of $31.89. The stock has a market cap of $55.60 million, a P/E ratio of 3.76 and a beta of 0.40. The business has a 50 day simple moving average of $20.15 and a 200-day simple moving average of $19.77.

Rand Capital (NASDAQ:RAND - Get Free Report) last released its earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The firm 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.20%. Rand Capital's dividend payout ratio is 33.92%.

Rand Capital Company 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.