StockNews.com began coverage on shares of Rand Capital (NASDAQ:RAND – Free Report) in a research note published on Monday morning. The brokerage issued a strong-buy rating on the asset manager’s stock.
Rand Capital Stock Performance
Shares of NASDAQ RAND opened at $27.43 on Monday. The firm’s fifty day moving average is $21.36 and its two-hundred day moving average is $18.65. Rand Capital has a 52-week low of $13.11 and a 52-week high of $28.50. The company has a market cap of $70.76 million, a P/E ratio of 5.51 and a beta of 0.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99.
Rand Capital Announces Dividend
The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 16th were issued a $4.20 dividend. The ex-dividend date of this dividend was Monday, December 16th. Rand Capital’s dividend payout ratio is currently 337.35%.
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.
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