Rand Capital (RAND) Set to Announce Earnings on Monday

Rand Capital (NASDAQ:RANDGet Rating) will post its quarterly earnings results before the market opens on Monday, August 8th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Rand Capital (NASDAQ:RANDGet Rating) last issued its quarterly earnings data on Monday, May 9th. The asset manager reported $0.21 EPS for the quarter. The company had revenue of $1.13 million during the quarter. Rand Capital had a net margin of 175.77% and a return on equity of 2.89%.

Rand Capital Trading Down 1.1 %

Shares of RAND stock opened at $15.75 on Friday. The business’s fifty day simple moving average is $14.70 and its 200-day simple moving average is $15.00. The company has a market cap of $40.65 million, a PE ratio of 5.53 and a beta of 0.49. Rand Capital has a 12-month low of $13.04 and a 12-month high of $18.80.

Rand Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Wednesday, August 31st. Rand Capital’s payout ratio is 21.05%.

Analysts Set New Price Targets

Separately, TheStreet downgraded Rand Capital from a “b-” rating to a “c” rating in a research report on Friday, June 3rd.

Insider Activity at Rand Capital

In other news, Director Adam Samuel Gusky bought 7,544 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were purchased at an average cost of $14.88 per share, with a total value of $112,254.72. Following the transaction, the director now directly owns 16,625 shares in the company, valued at $247,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 9,656 shares of company stock valued at $144,118 in the last ninety days. Company insiders own 68.10% of the company’s stock.

About Rand Capital

(Get Rating)

Rand Capital Corporation is a business development company and regulated investment company specializing in private equity investments. The firm prefers to make investments through equity or debt instruments in lower middle market and in small to medium-sized privately held companies. It generally lends to more mature companies.

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Earnings History for Rand Capital (NASDAQ:RAND)

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