Rand Capital (NASDAQ:RAND) Stock Crosses Above Two Hundred Day Moving Average of $13.39

Shares of Rand Capital Co. (NASDAQ:RAND) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.39 and traded as high as $13.43. Rand Capital shares last traded at $13.43, with a volume of 434 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Rand Capital from a “c+” rating to a “b” rating in a research note on Friday, August 18th.

Rand Capital Stock Performance

The firm has a market capitalization of $35.45 million, a PE ratio of 5.61 and a beta of 0.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 21.29 and a quick ratio of 21.29. The firm has a fifty day moving average price of $13.48 and a 200 day moving average price of $13.39.

Rand Capital (NASDAQ:RAND) last announced its earnings results on Friday, August 4th. The asset manager reported $0.19 EPS for the quarter. Rand Capital had a return on equity of 6.04% and a net margin of 90.12%. The business had revenue of $1.82 million during the quarter.

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend is Wednesday, August 30th. Rand Capital’s dividend payout ratio is 41.15%.

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.