Rand Capital (NASDAQ:RAND) Stock Passes Above 200-Day Moving Average of $15.49

Rand Capital Co. (NASDAQ:RAND)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.49 and traded as high as $18.49. Rand Capital shares last traded at $18.48, with a volume of 439 shares traded.

Rand Capital Stock Performance

The company has a quick ratio of 20.17, a current ratio of 20.17 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $17.17 and a two-hundred day moving average price of $15.51.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings results on Tuesday, August 6th. The asset manager reported $0.44 earnings per share for the quarter. Rand Capital had a net margin of 137.44% and a return on equity of 6.13%. The company had revenue of $2.14 million for the quarter.

Rand Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Friday, August 30th. Rand Capital’s dividend payout ratio (DPR) is currently 52.02%.

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.