StockNews.com initiated coverage on shares of Rand Capital (NASDAQ:RAND – Free Report) in a report issued on Monday. The firm issued a strong-buy rating on the asset manager’s stock.
Rand Capital Stock Performance
Shares of NASDAQ:RAND opened at $26.03 on Monday. The company has a market capitalization of $67.16 million, a price-to-earnings ratio of 5.23 and a beta of 0.44. Rand Capital has a 12 month low of $13.11 and a 12 month high of $28.50. The firm’s 50-day moving average is $21.10 and its 200 day moving average is $18.51. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06.
Rand Capital Announces Dividend
The business also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 16th were paid a $4.20 dividend. The ex-dividend date of this dividend was Monday, December 16th. Rand Capital’s dividend payout ratio is currently 337.35%.
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.
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