Rand Capital Corp
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $29.0M
- Price
- $9.77
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.81%
- Volume
- 1.3K
About
Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses. It does not prefer to invest in real estate sector. It prefers to invest in software, professional services, manufacturing, consumer, healthcare, automotive and public d stocks. It prefers to invest in East or Midwest U.S. operations sectors. It typically invests between $0.75 million and $5 million with initial target size of $1.5 million. It seeks to invest in companies having more than $10 million in revenue or having excess of $1.5 million and up to $5 million in EBITDA. It prefers to be a minority stake and seeks to take a Board seat in its portfolio companies. It typically holds its investments for a period up to five years.
Quick stats
Shares outstanding3.0M
Computed float943.6K
Float / shares31.8%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000081955
Websitehttps://www.randcapital.com
AI Summary
AI-generated1/10
minorbearishearnings
Rand Capital Reports Second Quarter Fiscal Year 2026 Results
Rand Capital reported Q2 2026 net investment income of $0.24 per share, down sharply from $0.83 per share in the prior-year period, as non-accrual investments pressured current income and portfolio yield dropped to 8.98%.
The company deployed $6.9 million into two new portfolio companies, realized a $959,000 gain from the exit of Applied Image, and maintained its quarterly dividend at $0.29 per share.
However, one portfolio company ceased operations, resulting in a $2.5 million write-down, while liquidity tightened with cash declining to $430,000 from $4.2 million at year-end.
Red flags
- Net investment income per share declined from $0.83 to $0.24 year-over-year
- Portfolio write-down of $2.5 million after BMP Swanson Holdco ceased operations
- Cash and cash equivalents dropped from $4.2 million to $430,000 in six months
- Weighted average yield declined from 11.3% to 8.98%
- Five portfolio companies placed on non-accrual status