Rand Capital Corporation (NASDAQ:RAND) major shareholder Service Holding Co. I. Utility sold 39,202 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $3.11, for a total transaction of $121,918.22. Following the completion of the sale, the insider now owns 1,237,392 shares of the company’s stock, valued at approximately $3,848,289.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Rand Capital Corporation (RAND) traded up 1.07% during trading on Wednesday, reaching $2.83. 585 shares of the company were exchanged. The company’s market capitalization is $17.89 million. The firm’s 50 day moving average price is $2.80 and its 200 day moving average price is $2.97. Rand Capital Corporation has a one year low of $2.75 and a one year high of $3.79.
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Separately, TheStreet lowered shares of Rand Capital Corporation from a “c” rating to a “d+” rating in a research note on Tuesday, April 18th.
An institutional investor recently raised its position in Rand Capital Corporation stock. Shufro Rose & Co. LLC increased its stake in shares of Rand Capital Corporation (NASDAQ:RAND) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,300 shares of the asset manager’s stock after buying an additional 6,000 shares during the period. Shufro Rose & Co. LLC owned 2.55% of Rand Capital Corporation worth $450,000 at the end of the most recent quarter. 12.78% of the stock is owned by hedge funds and other institutional investors.
Rand Capital Corporation Company Profile
Rand Capital Corporation is a closed-end, diversified, management investment company. The Company provides managerial assistance to the portfolio companies in which it invests. The Company makes venture capital investments in early or expansion-stage companies, typically in New York and its surrounding states.
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