Rand Capital Corp
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Daniel Penberthy
- Full Time Employees
- 4
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 14 Lafayette Square Buffalo NY United States of America 14203
- IPO Date
- Mar 17, 1980
- CIK
- 0000081955
- Website
- randcapital.com
- Similar Companies
- Business
- Rand Capital Corporation (Nasdaq: RAND), an externally managed business development company, focuses on maximizing total return to shareholders through current income and capital appreciation via debt and related equity investments in privately-held lower middle market companies across diverse industries including professional and business services, manufacturing, consumer products, software, distribution, automotive, healthcare, and technology; it targets businesses with sustainable, differentiated, market-proven products, revenues exceeding $10 million, and EBITDA over $1.5 million, providing subordinated debt with warrants, preferred equity, venture capital, term loans at rates around 14% plus payment-in-kind interest, and equity co-investments typically ranging from $0.75 million to $5 million. Founded in 1969 and headquartered in Buffalo, New York, the company operates primarily in the East and Midwest United States, with investment activities managed by its external adviser Rand Capital Management, LLC; its portfolio as of September 30, 2025, comprises 19 companies with a fair value of $44.3 million, approximately 83% in debt yielding a weighted average of 12.2% annualized including PIK interest, and 17% in equity. Recent developments include the August 2024 sale of portfolio company SciAps, Inc. to Spectris plc, generating $13.1 million in proceeds comprising $2.1 million debt repayment, $165,000 interest and fees, and $10.8 million equity return exceeding its carried value and supporting a strategic shift to debt-focused investments; in third quarter 2025, it received $8.3 million in loan repayments including $7.6 million from Seybert’s Billiards Corporation, funded $2.9 million in new and follow-on deals such as a $2.5 million investment in BlackJet Direct Marketing, LLC and $400,000 additional debt to BMP Food Service Supply Holdco, LLC, recognized a $2.9 million realized loss on Tilson Technology Management, Inc. exit, ended with $28 million liquidity and no debt outstanding under its $25 million credit facility, and paid a $0.29 per share quarterly dividend.
Company News
Rand Capital (NASDAQ:RAND) Stock Crosses Above 200-Day Moving Average – Should You Sell?
Rand Capital (RAND) Q2 2026 Earnings Call Prepared Remarks Transcript
Rand Capital Reports Second Quarter Fiscal Year 2026 Results
Rand Capital Announces $0.29 per Share Cash Dividend for Third Quarter 2026
Comparing Rand Capital (NASDAQ:RAND) & Blackrock Tcp Capital (NASDAQ:TCPC)
Rand Capital Announces Second Quarter Fiscal Year 2026 Financial Results Conference Call and Webcast
Rand Capital (RAND) Q1 2026 Earnings Call Prepared Remarks Transcript
Rand Capital Reports First Quarter Fiscal Year 2026 Results
Rand Capital Announces $0.29 per Share Cash Dividend for Second Quarter 2026
Rand Capital Announces First Quarter Fiscal Year 2026 Financial Results Conference Call and Webcast
How Much Does Management Matter For A Publicly Traded Company?
Rand Capital (RAND) Q4 2025 Earnings Call Prepared Remarks Transcript
Rand Capital Reports Fourth Quarter and Full Year 2025 Results
Rand Capital Announces $0.29 per Share Cash Dividend for First Quarter 2026
Rand Capital Announces Fourth Quarter and Full Year 2025 Financial Results Conference Call and Webcast
Rand Capital (NASDAQ:RAND) Shares Pass Below 200-Day Moving Average – What’s Next?
Rand Capital (NASDAQ:RAND) Share Price Crosses Below 200-Day Moving Average – Should You Sell?
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