Rand Capital (NASDAQ:RAND) Announces Earnings Results

Key Points

• Rand Capital reported $0.33 earnings per share for the quarter, with a return on equity of 6.89% and an impressive net margin of 97.28%.
• The firm announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a yield of 6.4%.
• Wall Street analysts have upgraded Rand Capital's stock rating from "hold" to "buy," indicating positive growth expectations.

Rand Capital (NASDAQ:RAND - Get Free Report) posted its earnings results on Monday. The asset manager reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. Rand Capital had a return on equity of 6.89% and a net margin of 97.28%.

Rand Capital Stock Down 0.6%

RAND stock opened at $18.23 on Monday. Rand Capital has a 52-week low of $14.95 and a 52-week high of $31.89. The stock's fifty day simple moving average is $16.67 and its 200-day simple moving average is $19.38. The stock has a market capitalization of $54.14 million, a price-to-earnings ratio of 5.75 and a beta of 0.27.

Rand Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 6.4%. Rand Capital's dividend payout ratio (DPR) is 36.59%.

Wall Street Analysts Forecast Growth

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

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.

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