Rand Capital (NASDAQ:RAND) Issues 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) announced its earnings results on Monday. The asset manager reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $1.60 million during the quarter. Rand Capital had a positive return on equity of 6.97% and a negative net margin of 90.42%.

Rand Capital Stock Up 0.1%

Rand Capital stock traded up $0.01 during trading on Friday, hitting $17.01. The stock had a trading volume of 2,261 shares, compared to its average volume of 10,604. The stock's 50 day moving average is $16.77 and its two-hundred day moving average is $19.29. Rand Capital has a 1 year low of $14.95 and a 1 year high of $31.89. The stock has a market cap of $50.52 million, a price-to-earnings ratio of -7.00 and a beta of 0.27.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, August 29th. Rand Capital's payout ratio is -47.74%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Rand Capital from a "hold" rating to a "buy" rating in a research report 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.