Rand Capital Corporation (NASDAQ:RAND) major shareholder Service Holding Co. I. Utility sold 5,710 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $3.15, for a total transaction of $17,986.50. Following the transaction, the insider now directly owns 1,237,392 shares of the company’s stock, valued at $3,897,784.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Rand Capital Corporation (NASDAQ RAND) opened at 2.83 on Thursday. The stock’s market cap is $17.89 million. Rand Capital Corporation has a one year low of $2.75 and a one year high of $3.79. The firm has a 50-day moving average of $2.80 and a 200-day moving average of $2.96.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/08/10/insider-selling-rand-capital-corporation-rand-major-shareholder-sells-17986-50-in-stock-updated.html.
Separately, TheStreet cut shares of Rand Capital Corporation from a “c” rating to a “d+” rating in a report on Tuesday, April 18th.
A hedge fund recently raised its stake in Rand Capital Corporation stock. Shufro Rose & Co. LLC boosted its stake in 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. The fund 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 about 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 institutional investors.
About Rand Capital Corporation
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.
Receive News & Ratings for Rand Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
