Welcome to our dedicated page for Rand Capital news (Ticker: RAND), a resource for investors and traders seeking the latest updates and insights on Rand Capital stock.
Rand Capital Corporation (Nasdaq: RAND) is an externally managed business development company (BDC) that provides alternative financing to privately held, lower middle market companies. The RAND news page on Stock Titan aggregates company-specific updates drawn from official press releases and SEC-related disclosures, giving readers a centralized view of how Rand’s investment activity and financial performance evolve over time.
News coverage for Rand typically includes quarterly and annual financial results, where the company reports total investment income, net investment income, expenses, and changes in net asset value. These releases often break down interest income from portfolio companies, fee income, dividend and other investment income, and the impact of capital gains incentive fees and management fees. They also describe portfolio developments such as new term loans, follow-on investments, loan repayments, exits, realized gains or losses, and valuation adjustments.
Another recurring theme in RAND news is dividend activity. Rand issues announcements when its Board of Directors declares regular quarterly cash dividends and, at times, special or enhanced distributions, including combinations of cash and stock. These updates explain record dates, payment dates, and the context behind distribution decisions, such as estimates of taxable income and spillover income.
Readers will also find items on liquidity and capital resources, including commentary on cash balances, the status of Rand’s senior secured revolving credit facility, and any changes in outstanding borrowings. In addition, Rand’s news flow can include notices about earnings conference calls and webcasts, as well as governance and audit-related developments disclosed through press releases that correspond to Form 8-K filings.
By following the RAND news feed, investors and researchers can review a chronological record of how Rand’s portfolio composition, income profile, dividend practices, and capital structure are discussed in its own public communications.
Rand Capital Corporation (Nasdaq: RAND) has declared a regular quarterly cash dividend of $0.10 per share, set for distribution on or about September 16, 2021. Shareholders of record as of September 2, 2021 will receive this payout. As of June 30, 2021, Rand had approximately 2.6 million shares outstanding. The company focuses on maximizing total return through investments in privately-held lower middle-market companies.
Rand Capital Corporation (Nasdaq: RAND) will release its second quarter 2021 financial results on August 9, 2021, before market opening. The Company will hold a conference call at 1:30 p.m. ET on the same day for results review and corporate strategy discussion, followed by a Q&A session. A telephonic replay will be available from 4:30 p.m. ET on the same day through August 16, 2021. Rand Capital is a Business Development Company focused on maximizing total returns through investments in privately-held, lower middle-market companies.
Rand Capital Corporation (Nasdaq: RAND) reported significant growth for Q1 2021, achieving total investment income of $6.7 million and exits of $4.5 million. Notably, net asset value rose 17%, driven by the IPO of ACV Auctions Inc. The adjusted net investment income per share was $0.16, despite a net investment loss of $2.2 million. Cash reserves stood at $14.9 million, representing 28% of net assets. The Board also renewed a $1.5 million share repurchase program to enhance shareholder value. Rand's focus on income-producing investments continues to strengthen its portfolio.
Rand Capital Corporation (Nasdaq: RAND) announced a quarterly cash dividend of $0.10 per share, scheduled for payment on June 16, 2021, to shareholders on record as of June 2, 2021. The company has approximately 2.6 million shares outstanding as of March 31, 2021. Future dividends depend on the Board's discretion, considering factors like taxable income, unrealized appreciation, and spillover income from previous years. Rand focuses on maximizing returns through investments in lower middle-market companies with sustainable products and revenue growth.
Rand Capital Corporation (Nasdaq: RAND) will release its first quarter 2021 financial results on May 10, 2021, before market opening. Following the release, a conference call will be held at 1:30 p.m. ET to discuss the results and corporate strategies, with a Q&A session afterward. Telephonic replay will be available until May 17, 2021. Rand Capital, a Business Development Company, focuses on maximizing shareholder returns through investments in lower middle market companies with over $2 million in revenue or $5 million in EBITDA.
Rand Capital Corporation (Nasdaq: RAND) announced that its Annual Meeting of Shareholders will be held virtually on April 22, 2021, at 10:30 a.m. Eastern Time due to COVID-19. Shareholders of record as of March 5, 2021, can participate online. The Company, a Business Development Company, aims to maximize returns through investments in lower middle market companies. Rand emphasizes the importance of proxy voting in advance of the meeting.
Rand Capital Corporation (Nasdaq: RAND) has invested approximately $4.5 million into two new portfolio companies primarily through debt instruments with equity components. This includes a term loan for Seybert’s Billiard Supply, which plans to enhance its e-commerce presence and marketing efforts. Additionally, Rand partnered with Callodine Strategic Credit and Baymark Capital to form a fire protection platform from the merger of Swanson Fire Protection and Residential & Commercial Fire Protection, which has shown historical revenue growth since 2017.
Rand Capital Corporation (Nasdaq:RAND) congratulates ACV Auctions Inc. on its successful initial public offering (IPO). CEO Pete Grum expressed pride in Rand's early investment in ACV, highlighting its rapid technological advancement and the positive impact on the Buffalo community. Rand invested in ACV Auctions by acquiring Series Seed II Preferred stock in August 2016, and now holds 590,580 shares of ACV's common stock following the IPO. This milestone underscores Rand's commitment to maximizing returns by investing in innovative companies.
Rand Capital Corporation (NASDAQ: RAND) reported its financial results for the year ending December 31, 2020. The Company declared a special dividend of $23.7 million, representing $1.62 per share. Net investment income surged to $738,000, up from $100,000 year-over-year. Total expenses decreased by 28% due to external management and reduced stockholder costs. The portfolio consisted of 36 companies, with 50% in equity investments and a 12.7% yield on debt investments. Cash and cash equivalents stood at $20.4 million, or 44% of net assets. A conference call is scheduled for March 8, 2021.
FAQ
What is the current stock price of Rand Capital (RAND)?
What is the market cap of Rand Capital (RAND)?
