Rand Capital Corp has split its stock 6 times since its initial public offering (IPO). The first stock split occurred on December 16, 1986 with the ratio of 4-for-1, meaning that for 1 share of RAND owned pre-split, shareholders then owned 4 shares. 5 more splits have been implemented since then. The most recent stock split took place on May 22, 2020 on a 1-for-9 basis.
These splits have increased RAND stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Rand Capital Corp's total market capitalization.
For more detailed information of Rand Capital Corp's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Rand Capital Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when RAND stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Rand Capital Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
