Rand Capital Co. (NASDAQ:RAND - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.62 and traded as high as $21.30. Rand Capital shares last traded at $19.80, with a volume of 25,117 shares traded.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Rand Capital from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th.
Read Our Latest Research Report on RAND
Rand Capital Stock Performance
The stock has a 50 day moving average price of $21.17 and a two-hundred day moving average price of $19.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. The company has a market capitalization of $59.23 million, a price-to-earnings ratio of 4.00 and a beta of 0.40.
Rand Capital (NASDAQ:RAND - Get Free Report) last announced its earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%. The company had revenue of $2.14 million during the quarter.
Rand Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 5.82%. Rand Capital's payout ratio is 33.92%.
Institutional Investors Weigh In On Rand Capital
A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC acquired a new position in shares of Rand Capital Co. (NASDAQ:RAND - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,763 shares of the asset manager's stock, valued at approximately $315,000. Courier Capital LLC owned about 0.56% of Rand Capital at the end of the most recent quarter.
About Rand Capital
(
Get Free Report)
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.
Recommended Stories
Before you consider Rand Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rand Capital wasn't on the list.
While Rand Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
