Ewing Morris & Co. Investment Partners Ltd. Cuts Stock Position in Rand Capital Co. (NASDAQ:RAND)

Ewing Morris & Co. Investment Partners Ltd. decreased its stake in shares of Rand Capital Co. (NASDAQ:RAND) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,003 shares of the asset manager’s stock after selling 4,651 shares during the quarter. Ewing Morris & Co. Investment Partners Ltd. owned about 0.54% of Rand Capital worth $270,000 at the end of the most recent quarter.

Rand Capital Stock Performance

Shares of NASDAQ RAND opened at $18.22 on Friday. The company has a market cap of $54.11 million, a PE ratio of 3.66 and a beta of 0.33. Rand Capital Co. has a 52-week low of $13.94 and a 52-week high of $31.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99. The firm’s 50 day moving average price is $19.53 and its 200-day moving average price is $19.83.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Monday, May 5th. The asset manager reported $0.40 earnings per share for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%. The firm had revenue of $2.01 million during the quarter.

Rand Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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.