Rand Capital Corporation (NASDAQ:RAND) Sees Significant Increase in Short Interest

Rand Capital Corporation (NASDAQ:RAND) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 484 shares, an increase of 348.1% from the June 30th total of 108 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,605 shares, the short-interest ratio is presently 0.3 days.

Rand Capital Trading Up 0.6%

Shares of NASDAQ:RAND opened at $10.18 on Tuesday. Rand Capital has a 1 year low of $10.00 and a 1 year high of $19.02. The firm has a market capitalization of $30.22 million, a price-to-earnings ratio of -3.28 and a beta of 0.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The business’s 50 day moving average price is $10.36 and its 200-day moving average price is $10.96.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.18 EPS for the quarter. The company had revenue of $1.24 million during the quarter. Rand Capital had a negative net margin of 162.06% and a positive return on equity of 5.87%.

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.4%. Rand Capital’s payout ratio is currently -37.42%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management acquired a new position in Rand Capital Corporation (NASDAQ:RAND) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned about 0.37% of Rand Capital at the end of the most recent quarter.

About Rand Capital

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.