Rand Capital Corporation (NASDAQ:RAND) Short Interest Up 100.0% in May

Rand Capital Corporation (NASDAQ:RAND) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 20 shares, a growth of 100.0% from the April 30th total of 10 shares. Based on an average daily volume of 2,512 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management acquired a new stake in Rand Capital Corporation (NASDAQ:RAND) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned 0.37% of Rand Capital at the end of the most recent reporting period.

Rand Capital Price Performance

Shares of RAND stock traded up $0.13 during trading hours on Monday, reaching $10.73. 1,131 shares of the company were exchanged, compared to its average volume of 4,356. Rand Capital has a fifty-two week low of $10.05 and a fifty-two week high of $20.00. The stock’s fifty day moving average is $11.14 and its two-hundred day moving average is $11.94. The company has a market cap of $31.85 million, a price-to-earnings ratio of -3.46 and a beta of 0.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98.

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

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Wednesday, May 27th. Rand Capital’s dividend payout ratio is presently -37.42%.

Rand Capital Company Profile

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.