Rand Capital (NASDAQ:RAND) Stock Price Crosses Above 200 Day Moving Average of $14.23

Shares of Rand Capital Co. (NASDAQ:RAND) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.23 and traded as high as $14.50. Rand Capital shares last traded at $14.20, with a volume of 6,073 shares trading hands.

Rand Capital Trading Down 2.7 %

The firm has a fifty day moving average of $15.37 and a 200 day moving average of $14.23. The firm has a market capitalization of $36.64 million, a PE ratio of 6.37 and a beta of 0.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 28.32 and a current ratio of 28.32.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings data on Monday, May 13th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. Rand Capital had a net margin of 76.21% and a return on equity of 5.25%. The company had revenue of $2.07 million during the quarter.

Rand Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.29 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.16 dividend on an annualized basis and a yield of 8.17%. This is a positive change from Rand Capital’s previous quarterly dividend of $0.25. Rand Capital’s payout ratio is currently 52.02%.

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.