Rand Capital Corporation (NASDAQ:RAND – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 108 shares, a drop of 74.4% from the June 15th total of 422 shares. Based on an average daily trading volume, of 1,856 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Rand Capital Price Performance
Shares of RAND stock traded down $0.05 during mid-day trading on Monday, reaching $10.15. The stock had a trading volume of 963 shares, compared to its average volume of 1,617. Rand Capital has a 12-month low of $10.00 and a 12-month high of $20.00. The company has a market cap of $30.15 million, a P/E ratio of -3.27 and a beta of 0.10. The business has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $11.05. The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01.
Rand Capital (NASDAQ:RAND – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share (EPS) for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The business had revenue of $1.24 million during the quarter.
Rand Capital Announces Dividend
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Rand Capital in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.
Get Our Latest Stock Analysis on RAND
Institutional Trading of Rand Capital
An institutional investor recently raised its stake in Rand Capital stock. O Shaughnessy Asset Management LLC grew its holdings in Rand Capital Corporation (NASDAQ:RAND – Free Report) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,851 shares of the asset manager’s stock after purchasing an additional 2,589 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.63% of Rand Capital worth $220,000 at the end of the most recent quarter.
Rand Capital Company Profile
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.
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