Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 83.0% in January

Rand Capital Corporation (NASDAQ:RAND) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 902 shares, an increase of 83.0% from the January 15th total of 493 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,404 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 4,404 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Rand Capital Price Performance

RAND stock opened at $10.99 on Friday. Rand Capital has a one year low of $10.05 and a one year high of $31.89. The stock has a market cap of $32.64 million, a price-to-earnings ratio of -2.62 and a beta of 0.20. The company has a fifty day moving average price of $12.24 and a two-hundred day moving average price of $13.98.

Rand Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.16 annualized dividend and a dividend yield of 10.6%. Rand Capital’s dividend payout ratio is presently -27.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Rand Capital in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management bought a new position in shares of Rand Capital Corporation (NASDAQ:RAND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned approximately 0.37% of Rand Capital as of its most recent SEC filing.

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.