Rand Capital Co. (NASDAQ:RAND) Short Interest Down 92.9% in December

Rand Capital Co. (NASDAQ:RAND) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 100 shares, a decrease of 92.9% from the December 15th total of 1,400 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Separately, TheStreet upgraded Rand Capital from a “c” rating to a “b-” rating in a research report on Tuesday, November 30th.

In related news, major shareholder East Asset Management, Llc bought 5,620 shares of the business’s stock in a transaction dated Monday, December 13th. The stock was purchased at an average cost of $17.50 per share, for a total transaction of $98,350.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Erland E. Kailbourne bought 1,532 shares of the business’s stock in a transaction dated Wednesday, December 1st. The shares were bought at an average price of $16.94 per share, with a total value of $25,952.08. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 17,270 shares of company stock worth $296,059. Insiders own 67.30% of the company’s stock.

Shares of RAND stock opened at $16.80 on Friday. The company has a quick ratio of 16.89, a current ratio of 16.89 and a debt-to-equity ratio of 0.18. Rand Capital has a twelve month low of $14.06 and a twelve month high of $26.98. The company has a market cap of $43.34 million, a P/E ratio of 2.99 and a beta of 0.49. The business has a fifty day simple moving average of $16.75 and a 200 day simple moving average of $16.90.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings data on Friday, November 5th. The asset manager reported $0.20 earnings per share for the quarter. Rand Capital had a return on equity of 3.52% and a net margin of 371.76%. The business had revenue of $1.01 million during the quarter.

The firm also recently announced a None dividend, which was paid on Friday, December 31st. Investors of record on Monday, December 20th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 17th. This represents a yield of 2.3%. Rand Capital’s dividend payout ratio is currently 7.13%.

About Rand Capital

Rand Capital Corp. is a business development company that invests in small to medium-sized companies located primarily in New York and its surrounding states in the US. The company was founded on February 24, 1969 and is headquartered in Buffalo, NY.

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