Rand Capital Corp
NASDAQ:RAND
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Rand Capital Corp
Rand Capital Corp. is a traded fund that invests in small to medium-sized companies located primarily in New York and its surrounding states in the US. The company is headquartered in Buffalo, New York and currently employs 0 full-time employees. The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a variety of industries. At times when excess cash is available, the Company may also invest in high yielding publicly traded equity instruments. The firm invests the fund approximately at 0.7% of total assets in qualifying assets and provide managerial assistance to the portfolio companies in which it invests. The firm's portfolio includes software, manufacturing, professional services, healthcare, consumer product, automotive and public BDC stock. The firm's investment adviser is Rand Capital Management, LLC (RCM).
Rand Capital Corp. is a traded fund that invests in small to medium-sized companies located primarily in New York and its surrounding states in the US. The company is headquartered in Buffalo, New York and currently employs 0 full-time employees. The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a variety of industries. At times when excess cash is available, the Company may also invest in high yielding publicly traded equity instruments. The firm invests the fund approximately at 0.7% of total assets in qualifying assets and provide managerial assistance to the portfolio companies in which it invests. The firm's portfolio includes software, manufacturing, professional services, healthcare, consumer product, automotive and public BDC stock. The firm's investment adviser is Rand Capital Management, LLC (RCM).
Investment Income: Total investment income fell to $1.6 million from $2.2 million last year due to repayments and slower deal flow.
Expense Control: Total expenses dropped significantly, enabling net investment income to rise to $993,000 from $887,000 despite lower revenue.
Dividend Stability: The company maintained its $0.29 per share dividend for the third straight quarter, highlighting payout resilience.
Portfolio Activity: Rand deployed $2.9 million in new and follow-on investments, with repayments and some realized losses leading to a smaller overall portfolio.
Liquidity & Balance Sheet: Rand ended the quarter with nearly $28 million in liquidity and no debt, offering flexibility for future investments.
