Rand Capital Corporation (RAND) To Go Ex-Dividend on August 26th

Rand Capital Corporation (NASDAQ:RAND) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.29 per share by the asset manager on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date is Wednesday, August 26th.

Rand Capital has decreased its dividend by an average of 0.4%per year over the last three years.

Rand Capital Trading Up 1.8%

Shares of Rand Capital stock opened at $10.20 on Friday. Rand Capital has a 12-month low of $10.00 and a 12-month high of $19.02. The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01. The stock has a market cap of $30.28 million, a PE ratio of -3.29 and a beta of 0.10. The company has a 50-day moving average of $10.31 and a two-hundred day moving average of $10.92.

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

Institutional Trading of Rand Capital

A hedge fund recently bought a new position in Rand Capital stock. Ritholtz Wealth Management bought a new stake in Rand Capital Corporation (NASDAQ:RAND) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.