Rand Capital Co. (NASDAQ:RAND) Short Interest Up 68.8% in February

Rand Capital Co. (NASDAQ:RAND) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 16,200 shares, a growth of 68.8% from the February 13th total of 9,600 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.9 days.

Rand Capital Price Performance

NASDAQ:RAND opened at $22.50 on Monday. Rand Capital has a 52-week low of $13.69 and a 52-week high of $31.89. The company has a market cap of $58.07 million, a P/E ratio of 4.52 and a beta of 0.44. 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 stock’s 50-day simple moving average is $23.13 and its 200 day simple moving average is $19.37.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings data on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%. The company had revenue of $2.14 million for the quarter.

Rand Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Friday, March 14th. Rand Capital’s dividend payout ratio is currently 33.92%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.