Rand Capital (NASDAQ:RAND) Announces Quarterly Earnings Results

Rand Capital (NASDAQ:RAND) released its earnings results on Wednesday. The asset manager reported $0.23 earnings per share (EPS) for the quarter, FiscalAI reports. Rand Capital had a negative net margin of 2.67% and a positive return on equity of 5.47%. The business had revenue of $1.31 million for the quarter.

Rand Capital Stock Up 0.6%

Shares of RAND traded up $0.06 during trading hours on Wednesday, hitting $9.81. The stock had a trading volume of 588 shares, compared to its average volume of 3,630. The firm has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $10.65. Rand Capital has a 1-year low of $9.11 and a 1-year high of $17.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 90.68 and a quick ratio of 90.68. The firm has a market capitalization of $29.13 million, a P/E ratio of -243.67 and a beta of 0.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Rand Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Rand Capital Company Profile

Rand Capital Corporation (NASDAQ: RAND) is a business development company that provides financing to small and lower-middle-market businesses. The company seeks to support the growth, recapitalization, acquisition, and ownership transitions of privately held and publicly traded companies through customized investment solutions.

Rand primarily invests in debt securities, including secured and subordinated loans, and may also make equity investments, such as common stock, preferred stock, and warrants.