Rand Capital (RAND) Stock Forecast, Price & News

Rand Capital's stock was trading at $13.32 at the beginning of 2023. Since then, RAND stock has decreased by 2.4% and is now trading at $13.00.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our RAND earnings forecast.

Rand Capital Co. (NASDAQ:RAND) issued its quarterly earnings results on Friday, March, 10th. The asset manager reported $0.41 earnings per share (EPS) for the quarter. The asset manager earned $1.73 million during the quarter. Rand Capital had a trailing twelve-month return on equity of 6.58% and a net margin of 26.17%.

Rand Capital announced a quarterly dividend on Wednesday, April 26th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.25 per share on Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Tuesday, May 30th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for RAND.

Rand Capital (NASDAQ:RAND) pays an annual dividend of $0.80 per share and currently has a dividend yield of 6.15%. RAND has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 121.21%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RAND.

Shares of Rand Capital reverse split before market open on Friday, May 22nd 2020. The 1-9 reverse split was announced on Thursday, May 21st 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, May 21st 2020. An investor that had 100 shares of stock prior to the reverse split would have 11 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rand Capital investors own include THL Credit (TCRD), Abraxas Petroleum (AXAS), AbbVie (ABBV), Gilead Sciences (GILD), General Motors (GM), International Business Machines (IBM), Kohl's (KSS), SuperCom (SPCB), Block (SQ) and AT&T (T).

Rand Capital trades on the NASDAQ under the ticker symbol "RAND."

Shares of RAND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RAND stock can currently be purchased for approximately $13.00.

Rand Capital (NASDAQ:RAND) has a market capitalization of $33.54 million and generates $5.76 million in revenue each year. The asset manager earns $-880,000.00 in net income (profit) each year or $0.66 on an earnings per share basis.

Rand Capital's mailing address is 2200 Rand Building, Buffalo NY, 14203. The official website for the company is www.randcapital.com. The asset manager can be reached via phone at (716) 853-0802, via email at dpawlowski@keiadvisors, or via fax at 716-854-8480.