Rand Capital (NASDAQ:RAND) Stock Price Passes Above 200-Day Moving Average of $13.48

Shares of Rand Capital Co. (NASDAQ:RAND) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.48 and traded as high as $13.83. Rand Capital shares last traded at $13.83, with a volume of 307 shares trading hands.

Rand Capital Stock Up 0.3 %

The company has a current ratio of 23.73, a quick ratio of 23.73 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $13.79 and its 200 day simple moving average is $13.48.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.40 EPS for the quarter. The company had revenue of $1.93 million during the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.00 annualized dividend and a dividend yield of 7.21%. Rand Capital’s dividend payout ratio is presently 39.53%.

Insider Transactions at Rand Capital

In other Rand Capital news, Director Benjamin E. Godley purchased 1,965 shares of Rand Capital stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $13.95 per share, for a total transaction of $27,411.75. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $348,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 68.20% of the company’s stock.

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.