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 (RAND) combines publishing heritage with modern investment management through its closed-end fund structure. This news hub provides investors with essential updates on strategic decisions, financial performance, and market positioning across both sectors.
Access authoritative coverage of earnings reports, portfolio company developments, and capital allocation strategies. Our curated collection includes press releases on acquisitions, risk management initiatives, and shareholder return programs – all critical for assessing RAND's dual revenue streams.
Key focus areas include updates from portfolio holdings like Lumious and GiveGab, dividend announcements, and analyses of the company's balance between income generation and capital appreciation. Bookmark this page for real-time insights into how RAND navigates competitive markets while maintaining its unique hybrid operational model.
Rand Capital (Nasdaq: RAND), a business development company focused on lower middle market financing, has scheduled its first quarter 2025 financial results release for Monday, May 5, 2025, before markets open.
The company will host a conference call and webcast at 1:30 p.m. Eastern Time on the same day to discuss the results. Investors can access the call via phone at (201) 689-8263 or through the webcast at ir.randcapital.com.
A replay will be available until May 19, 2025, by dialing (412) 317-6671 with PIN 13752618. The webcast replay and transcript will be posted in the investors' section of the company website.
Rand Capital (NASDAQ: RAND) reported strong financial results for 2024, with total investment income increasing 17% to $8.6 million. The company's strategic focus on debt investments, which now represent 75% of the portfolio (up from 64% in 2023), drove significant growth. Net Asset Value (NAV) per share grew 7% year-over-year to $25.31.
Key highlights include: reduction of bank debt by $15.7 million, strategic capital deployment of $14 million in new investments, and a 16% increase in regular quarterly cash dividends. Total dividends for 2024 reached $5.03 per share, including both stock and cash distributions. The company's debt investment portfolio achieved a 13.8% annualized weighted average yield.
Fourth quarter performance showed an 11% increase in investment income to $2.1 million, with net investment income rising to $2.2 million ($0.86 per share). The company maintains strong liquidity with over $24 million available in credit facilities and continues its disciplined growth strategy focused on lower middle market companies.
Rand Capital (NASDAQ: RAND) has declared a quarterly cash dividend of $0.29 per share for the first quarter of 2025, payable on March 28, 2025, to shareholders of record as of March 14, 2025. Following a recent issuance of approximately 389,000 additional shares to investors, the company now has about 3.0 million shares outstanding.
The maintained dividend rate, combined with the increased share count, represents a 15% increase in total dividend distribution, reflecting the company's business resilience and commitment to shareholder value. CEO Daniel P. Penberthy emphasized the achievement of significant milestones in 2024 that enhanced their ability to return capital to shareholders.
Rand Capital (Nasdaq: RAND), a business development company focused on lower middle market financing, has scheduled its Fourth Quarter and Full Year 2024 financial results release for Monday, March 10, 2025, before market opening. The company will host a conference call and webcast at 1:30 p.m. Eastern Time on the same day to discuss the results.
A replay of the call will be available from 5:30 p.m. ET until March 24, 2025, by dialing (412) 317-6671 with PIN 13751144. The webcast replay and transcript will be accessible through the investor relations section at ir.randcapital.com.
Rand Capital (NASDAQ: RAND) announced shareholder election results for its Q4 2024 dividend of $4.20 per share, totaling approximately $10.8 million. The dividend payment structure includes a 20% cash component (approximately $2.2 million) and the remaining 80% in stock (approximately $8.7 million).
The stock portion will be distributed based on a volume-weighted average price of $22.30, resulting in approximately 389,000 new shares. After distribution, total shares outstanding will be approximately 2.97 million. While 98% of shareholders elected for cash dividends, due to the cash limitation, they will receive a pro-rated distribution of approximately 20.4% cash and 79.6% stock. The dividend distribution is scheduled for January 24, 2025.
Rand Capital (RAND) has declared a quarterly dividend of $4.20 per share, totaling approximately $10.8 million, to be paid in a combination of cash and stock to shareholders of record as of December 16, 2024. The cash portion will be to 20% of the total dividend (approximately $2.2 million).
The company reported significant portfolio exits in 2024, including a $7.7 million gain from the SciAps sale and total net realized gains of $11.1 million for the nine months ended September 30, 2024. The dividend distribution will occur around January 24, 2025, with an election deadline of January 7, 2025. The stock portion will be valued based on the volume-weighted average price during December 11-13, 2024.
Rand Capital (NASDAQ: RAND) reported strong Q3 2024 results with total investment income increasing 27% to $2.2 million, driven by debt portfolio growth. Net asset value per share rose to $27.29, up 3% from June 30 and 16% from year-end 2023. The company received $13.1 million from the sale of SciAps, using proceeds to reduce debt. The portfolio, valued at $75.0 million across 22 businesses, is now 74% debt investments with a 13.8% weighted average yield. Rand paid a quarterly dividend of $0.29 per share and maintains strong liquidity with over $24 million available.
Rand Capital (Nasdaq: RAND), a business development company focused on lower middle market financing, has scheduled its Third Quarter 2024 financial results release for Wednesday, November 6, 2024, before market opening. The company will host a conference call and webcast at 1:30 p.m. Eastern Time on the same day to discuss the results. A replay will be available until November 20, 2024, via phone at (412) 317-6671 with PIN 13749407, and through the company's investor relations website.
Rand Capital (Nasdaq: RAND) has successfully completed the sale of its portfolio company, SciAps, Inc., to Spectris plc. The transaction, which closed on August 21, 2024, yielded total proceeds of $13.1 million for Rand, surpassing the June 30, 2024 valuation of $10.8 million for Rand's equity and debt investments in SciAps.
The proceeds include $2.1 million in debt repayment, $165,000 in interest income and loan-related fees, and $10.8 million in equity return. An additional $244,000 is held in transaction-related escrows. This successful exit from a 2013 investment showcases Rand's ability to generate substantial returns, with the equity investment having a cost basis of just $3.1 million.
Rand Capital (RAND) reported an 18% increase in total investment income to $2.1 million for Q2 2024, driven by a 35% rise in interest from portfolio companies. The company's net asset value (NAV) per share reached $26.56, up 11% from Q1 2024 and 13% from year-end 2023. Rand capitalized on market conditions, selling certain BDC holdings for a realized gain of $1.3 million. The company reduced its debt balance by $2.0 million during the quarter and an additional $2.3 million post-quarter.
Rand's portfolio included investments with a fair value of $87.1 million across 26 businesses, a 13% increase from December 31, 2023. The company declared a quarterly dividend of $0.29 per share for Q3 2024. Rand's strategy focuses on scaling through new investments and reinvesting in high-potential existing portfolio companies, aiming to strengthen its ability to increase cash dividends over the long term.
