Rand Capital (NASDAQ:RAND) Posts Quarterly Earnings Results

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

Rand Capital Trading Down 6.1 %

Shares of RAND opened at $18.21 on Wednesday. The stock’s fifty day simple moving average is $19.73 and its 200-day simple moving average is $19.84. The firm has a market capitalization of $54.08 million, a PE ratio of 3.66 and a beta of 0.33. Rand Capital has a 12-month low of $13.82 and a 12-month high of $31.89. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06.

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 6.37%. Rand Capital’s dividend payout ratio (DPR) is currently 36.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Rand Capital from a “buy” rating to a “hold” rating in a research 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.