Rand Capital (NASDAQ:RAND) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Rand Capital Corporation (NASDAQ:RAND – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.79 and traded as low as $10.13. Rand Capital shares last traded at $10.1650, with a volume of 2,291 shares trading hands.

Rand Capital Stock Performance

The business has a 50-day moving average of $11.00 and a two-hundred day moving average of $11.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The company has a market cap of $30.19 million, a P/E ratio of -3.28 and a beta of 0.08.

Get Rand Capital alerts:

Rand Capital (NASDAQ:RAND – Get Free Report) last announced its earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The firm had revenue of $1.24 million for the quarter.

Rand Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 11.4%. The ex-dividend date is Wednesday, May 27th. Rand Capital’s payout ratio is -37.42%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management bought a new position in shares of Rand Capital Corporation (NASDAQ:RAND – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned about 0.37% of Rand Capital at the end of the most recent reporting period.

About Rand Capital

(Get Free Report)

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.

Read More

• Five stocks we like better than Rand Capital
• 3 Stocks With Fresh Catalysts to Watch Before the July 4
• Amprius Insiders Are Selling: Should Investors Be Worried?
• A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
• A Market Rotation Toward Quality Will Benefit These 3 ETFs

Receive News & Ratings for Rand Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Capital and related companies with MarketBeat.com's FREE daily email newsletter.