November 22, 2016 - By Marguerite Chambers · 0 Comments
Rand Capital Corp (NASDAQ:RAND) institutional sentiment increased to 1 in 2016 Q2. Its up 0.60, from 0.4 in 2016Q1. The ratio has increased, as 2 investment professionals increased and started new equity positions, while 5 reduced and sold positions in Rand Capital Corp. The investment professionals in our partner’s database now own: 633,390 shares, up from 536,010 shares in 2016Q1. Also, the number of investment professionals holding Rand Capital Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 2 Increased: 2 New Position: 0.
Rand Capital Corporation is a closed-end, diversified, management investment company. The company has a market cap of $18.11 million. The Firm provides managerial assistance to the portfolio companies in which it invests. It has a 26.08 P/E ratio. The Firm makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states.
The stock increased 0.64% or $0.02 on November 21, hitting $3.14. Rand Capital Corporation (NASDAQ:RAND) has declined 26.57% since April 20, 2016 and is downtrending. It has underperformed by 31.13% the S&P500.
According to Zacks Investment Research, “RAND CAPITAL CORP. is a closed-end management investment company whose investment objective is to seek growth in small businesses.”
Courier Capital Corp holds 0.12% of its portfolio in Rand Capital Corporation for 162,980 shares. Shufro Rose & Co Llc owns 135,800 shares or 0.05% of their US portfolio. Moreover, Atlantic Trust Group Llc has 0.01% invested in the company for 309,250 shares. The Maryland-based Brown Advisory Inc has invested 0% in the stock. Creative Planning, a Kansas-based fund reported 2,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 sales for $83,160 net activity.
Rand Capital Corporation (Rand), incorporated on February 24, 1969, is a closed-end, diversified, management investment company. The Firm makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states. The Firm provides managerial assistance to the portfolio companies in which it invests. The Firm makes the majority of its investments through its subsidiary, Rand Capital SBIC, Inc. (Rand SBIC), which operates as a small business investment firm (SBIC). The Firm operates as an internally managed investment company. The Firm invests in a mixture of debt and equity instruments. The debt securities have an equity component in the form of warrants or options to acquire stock or the right to convert the debt securities into stock.
More notable recent Rand Capital Corporation (NASDAQ:RAND) news were published by: Globenewswire.com which released: “Rand Capital Corporation Purchases Additional Shares of OnCore Golf Technology” on March 12, 2015, also Twst.com with their article: “Rand Capital Corporation (NASDAQ:RAND) Invests in Emerging SBICs in Upstate …” published on December 24, 2015, Pehub.com published: “Rand Capital to sell Gemcor” on January 06, 2016. More interesting news about Rand Capital Corporation (NASDAQ:RAND) were released by: Globenewswire.com and their article: “Chequed.com, a Rand Capital Holding, Combines With Assess Systems” published on August 27, 2015 as well as Globenewswire.com‘s news article titled: “Rand Capital Invests Additional $250 Thousand in SciAps, a High Performance …” with publication date: September 09, 2015.
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By Marguerite Chambers