Rand Capital Co. Announces Quarterly Dividend of $0.29 (NASDAQ:RAND)

Rand Capital Co. (NASDAQ:RAND) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.29 per share by the asset manager on Friday, March 28th. This represents a $1.16 annualized dividend and a yield of 4.83%.

Rand Capital Trading Up 7.1 %

NASDAQ RAND opened at $24.04 on Tuesday. Rand Capital has a 1-year low of $13.69 and a 1-year high of $31.89. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $62.05 million, a PE ratio of 4.83 and a beta of 0.44. The firm’s fifty day simple moving average is $22.43 and its 200-day simple moving average is $19.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Rand Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.