StockNews.com lowered shares of Rand Capital (NASDAQ:RAND – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.
Rand Capital Stock Performance
Shares of RAND opened at $25.50 on Tuesday. Rand Capital has a 1 year low of $13.69 and a 1 year high of $31.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99. The firm has a fifty day moving average of $22.02 and a 200-day moving average of $18.98. The company has a market cap of $65.82 million, a price-to-earnings ratio of 5.12 and a beta of 0.44.
Rand Capital Announces Dividend
The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, December 16th were given 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%.
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.
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