Insider Selling: Rand Capital Corporation (RAND) Major Shareholder Sells 5,710 Shares of Stock

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.

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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.