Rand Capital Corp (RAND) Q3 2024 Earnings Call Highlights: Strong Investment Income Growth and ... [Yahoo! Finance]
Rand Capital Corporation - Closed End Fund (RAND)
US:NASDAQ Investor Relations:
ir.randcapital.com
Company Research
Source: Yahoo! Finance
Rand Capital Corp ( NASDAQ:RAND ) achieved a 27% increase in total investment income, reaching $2.2 million, driven by a diversified income-generating portfolio. Net asset value per share rose by 3% from the prior quarter and 16% year-to-date, reflecting strong portfolio management. Successful exits from key investments, including SciAps, generated $13.1 million in proceeds, strengthening the balance sheet. Outstanding bank debt was reduced by $13.3 million, resulting in lower interest expenses and improved profitability. The company maintains $24 million in total liquidity, positioning it well for future high-return investments. Total expenses for the third quarter increased to approximately $1.3 million, up from $810,000 in the prior quarter. A $533,000 increase in incentive fees expense was recorded during the quarter. The fair value of the portfolio decreased by approximately 14% sequentially, reflecting asset sales and loan repayments. The manufacturing sector's
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RAND
News
- Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024Business Wire
- Rand Capital Reports 27% Increase in Total Investment Income for Third Quarter 2024, Supported by Strategic Debt Portfolio GrowthBusiness Wire
- Rand Capital Announces Third Quarter 2024 Financial Results Conference Call and WebcastBusiness Wire
RAND
Sec Filings
- 12/17/24 - Form 8-K
- 12/5/24 - Form 8-K
- 11/22/24 - Form 4
- RAND's page on the SEC website