Rand Capital (NASDAQ:RAND - Get Free Report) announced its quarterly earnings results on Monday. The asset manager reported $0.40 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $2.01 million during the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.
Rand Capital Price Performance
Shares of RAND remained flat at $18.22 during trading hours on Friday. The stock had a trading volume of 1,502 shares, compared to its average volume of 8,030. The business's 50 day moving average is $19.43 and its two-hundred day moving average is $19.84. The company has a market capitalization of $54.11 million, a P/E ratio of 3.66 and a beta of 0.33. 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 1-year low of $13.94 and a 1-year high of $31.89.
Rand Capital Dividend Announcement
The business also recently declared 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 6.37%. Rand Capital's dividend payout ratio is currently 36.59%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Rand Capital from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th.
Check Out Our Latest Analysis on RAND
About Rand Capital
(
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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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