Rand Capital (NASDAQ:RAND) Share Price Passes Above 200-Day Moving Average of $13.38

Shares of Rand Capital Co. (NASDAQ:RAND) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.38 and traded as high as $13.50. Rand Capital shares last traded at $13.50, with a volume of 919 shares changing hands.

Wall Street Analysts Forecast Growth

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

Rand Capital Stock Performance

The company has a quick ratio of 21.29, a current ratio of 21.29 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $13.52 and a 200-day simple moving average of $13.37. The company has a market capitalization of $34.84 million, a P/E ratio of 5.56 and a beta of 0.46.

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

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.41%. The ex-dividend date was Wednesday, August 30th. Rand Capital’s payout ratio is currently 41.15%.

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.