Short Interest in Rand Capital Corporation (NASDAQ:RAND) Grows By 930.0%

by · The Markets Daily

Rand Capital Corporation (NASDAQ:RANDGet Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,985 shares, an increase of 930.0% from the July 15th total of 484 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 2,104 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management purchased a new position in Rand Capital Corporation (NASDAQ:RANDFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned 0.37% of Rand Capital as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Rand Capital in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on RAND

Rand Capital Trading Up 0.7%

Shares of RAND stock traded up $0.07 during mid-day trading on Thursday, reaching $10.23. The company’s stock had a trading volume of 519 shares, compared to its average volume of 3,801. The company has a quick ratio of 90.68, a current ratio of 90.68 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $30.38 million, a PE ratio of -255.75 and a beta of 0.10. The company’s 50 day simple moving average is $10.20 and its 200-day simple moving average is $10.83. Rand Capital has a 12-month low of $10.00 and a 12-month high of $17.49.

Rand Capital (NASDAQ:RANDGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $0.24 earnings per share (EPS) for the quarter. Rand Capital had a positive return on equity of 5.47% and a negative net margin of 2.67%.The firm had revenue of $1.39 million during the quarter.

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.3%. Rand Capital’s dividend payout ratio (DPR) is -2,900.00%.

Rand Capital Company Profile

(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.

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