Rand Capital (NASDAQ:RAND) Releases Earnings Results

Rand Capital (NASDAQ:RAND) issued its quarterly earnings data on Monday. The asset manager reported $0.45 earnings per share for the quarter, Zacks reports. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Price Performance

Shares of NASDAQ RAND opened at $19.42 on Tuesday. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89. The firm’s 50-day simple moving average is $22.76 and its 200 day simple moving average is $19.24. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. The stock has a market cap of $50.12 million, a P/E ratio of 3.90 and a beta of 0.44.

Rand Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, March 14th. Rand Capital’s dividend payout ratio is currently 23.29%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Rand Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Rand Capital Company Profile

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.