Rand Capital (NASDAQ:RAND) Share Price Passes Above 200 Day Moving Average – What’s Next?

Rand Capital Co. (NASDAQ:RAND)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.54 and traded as high as $20.00. Rand Capital shares last traded at $18.49, with a volume of 10,267 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Rand Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Rand Capital Stock Down 1.5 %

The company has a market cap of $54.10 million, a PE ratio of 3.66 and a beta of 0.40. The company has a fifty day moving average of $21.95 and a two-hundred day moving average of $19.56. 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 (NASDAQ:RAND) last released its earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $2.14 million during the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.37%. Rand Capital’s dividend payout ratio is 33.92%.

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.