Rand Capital Corporation (RAND) Stake Lowered by Emancipation Management LLC

Emancipation Management LLC reduced its stake in Rand Capital Corporation (NASDAQ:RAND) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 277,450 shares of the asset manager’s stock after selling 12,296 shares during the quarter. Rand Capital Corporation accounts for 1.3% of Emancipation Management LLC’s investment portfolio, making the stock its 23rd largest position. Emancipation Management LLC owned 4.39% of Rand Capital Corporation worth $774,000 as of its most recent filing with the SEC.

Separately, Shufro Rose & Co. LLC increased its stake in Rand Capital Corporation by 3.9% during the 2nd quarter. Shufro Rose & Co. LLC now owns 161,300 shares of the asset manager’s stock worth $450,000 after buying an additional 6,000 shares during the period. Institutional investors and hedge funds own 12.78% of the company’s stock.

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In other Rand Capital Corporation news, Director Robert M. Zak purchased 20,000 shares of Rand Capital Corporation stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $3.00 per share, with a total value of $60,000.00. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $255,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.20% of the company’s stock.

Shares of Rand Capital Corporation (RAND) traded up 0.45% during midday trading on Tuesday, reaching $2.95. 1,000 shares of the company traded hands. The stock’s market capitalization is $18.65 million. Rand Capital Corporation has a 12 month low of $2.75 and a 12 month high of $3.78. The company’s 50 day moving average is $2.83 and its 200-day moving average is $2.91.

About Rand Capital Corporation

Rand Capital Corporation is a closed-end, diversified, management investment company. The Company provides managerial assistance to the portfolio companies in which it invests. The Company makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states.

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