Rand Capital Co. (NASDAQ:RAND) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC decreased its position in shares of Rand Capital Co. (NASDAQ:RAND) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the asset manager’s stock after selling 11,394 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Rand Capital were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Rand Capital from a “hold” rating to a “buy” rating in a research report on Friday, May 16th.

Rand Capital Trading Up 0.5%

Shares of RAND stock opened at $16.70 on Monday. The company’s 50-day moving average price is $18.43 and its 200-day moving average price is $19.94. 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 stock has a market cap of $49.58 million, a price-to-earnings ratio of 3.35 and a beta of 0.33. Rand Capital Co. has a twelve month low of $14.01 and a twelve month high of $31.89.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings data on Monday, May 5th. The asset manager reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $2.01 million for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 6.95%. Rand Capital’s dividend payout ratio (DPR) is currently 36.59%.

About Rand Capital

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.