Rand Capital (NASDAQ:RAND) Announces Quarterly Earnings Results

Rand Capital (NASDAQ:RAND) issued its quarterly earnings results on Monday. The asset manager reported $0.45 EPS for the quarter, Zacks reports. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Price Performance

NASDAQ RAND opened at $19.42 on Tuesday. The stock’s 50-day moving average price is $22.76 and its two-hundred day moving average price is $19.24. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The company has a market cap of $50.12 million, a PE ratio of 3.90 and a beta of 0.44. Rand Capital has a 1 year low of $13.69 and a 1 year high of $31.89.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 5.97%. Rand Capital’s payout ratio is presently 23.29%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Rand Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

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.