Rand Capital (NASDAQ:RAND) Issues Quarterly Earnings Results

Rand Capital (NASDAQ:RAND) released its quarterly earnings data on Monday. The asset manager reported $0.45 EPS for the quarter, Zacks reports. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.

Rand Capital Price Performance

Shares of NASDAQ:RAND opened at $21.98 on Monday. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89. The company has a market cap of $56.73 million, a PE ratio of 4.45 and a beta of 0.44. The firm has a 50-day simple moving average of $22.76 and a 200 day simple moving average of $19.23.

Rand Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 5.28%. Rand Capital’s dividend payout ratio (DPR) is 23.29%.

Wall Street Analysts Forecast Growth

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

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.