Rand Capital (NASDAQ:RAND) Stock Price Passes Above 200-Day Moving Average of $13.48

Rand Capital Co. (NASDAQ:RAND) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.48 and traded as high as $13.83. Rand Capital shares last traded at $13.83, with a volume of 307 shares traded.

Rand Capital Price Performance

The firm’s 50-day moving average price is $13.79 and its two-hundred day moving average price is $13.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 23.73 and a quick ratio of 23.73.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.40 earnings per share for the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%. The firm had revenue of $1.93 million during the quarter.

Rand Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.00 dividend on an annualized basis and a yield of 7.21%. Rand Capital’s payout ratio is 39.53%.

Insider Activity at Rand Capital

In other news, Director Benjamin E. Godley bought 1,965 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $13.95 per share, with a total value of $27,411.75. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $348,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 68.20% of the stock is currently owned by corporate insiders.

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.