Rand Capital (NASDAQ:RAND) Upgraded at StockNews.com

StockNews.com upgraded shares of Rand Capital (NASDAQ:RAND) from a hold rating to a buy rating in a research note published on Friday.

Rand Capital Trading Up 5.0%

Shares of Rand Capital stock opened at $16.57 on Friday. The company’s fifty day simple moving average is $18.99 and its 200-day simple moving average is $19.93. The company has a market cap of $49.20 million, a price-to-earnings ratio of 3.33 and a beta of 0.33. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. Rand Capital has a 1 year low of $14.01 and a 1 year high of $31.89.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings data on Monday, May 5th. The asset manager reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $2.01 million for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.00%. Rand Capital’s payout ratio is 36.59%.

Institutional Investors Weigh In On Rand Capital

A hedge fund recently bought a new stake in Rand Capital stock. Courier Capital LLC purchased a new position in shares of Rand Capital Co. (NASDAQ:RAND) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,763 shares of the asset manager’s stock, valued at approximately $315,000. Courier Capital LLC owned approximately 0.56% of Rand Capital at the end of the most recent reporting period.

About Rand Capital

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.