Rand Capital (NASDAQ:RAND) Releases Quarterly Earnings Results

Rand Capital (NASDAQ:RAND - Get Free Report) announced its quarterly earnings results on Monday. The asset manager reported $0.40 earnings per share for the quarter, Zacks reports. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%. The firm had revenue of $2.01 million for the quarter.

Rand Capital Stock Up 0.1 %

NASDAQ:RAND traded up $0.01 during trading hours on Wednesday, hitting $18.22. The stock had a trading volume of 4,056 shares, compared to its average volume of 8,020. The company has a market cap of $54.11 million, a PE ratio of 3.66 and a beta of 0.33. The business has a 50 day simple moving average of $19.64 and a two-hundred day simple moving average of $19.83. Rand Capital has a 1-year low of $13.82 and a 1-year high of $31.89. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.37%. The ex-dividend date is Friday, May 30th. Rand Capital's dividend payout ratio (DPR) is presently 36.59%.

Wall Street Analyst Weigh In

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

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.