Rand Capital (RAND)

Rand BMP Swanson Holdings Corp. • Rand Capital Sub LLC • Rand Carolina Skiff Holdings Corp. • Rand DSD Holdings Corp. • Rand Filterworks Holdings Corp. • Rand FSS Holdings Corp. • Rand INEA Holdings Corp. • Rand ITA Holdings Corp. • Rand Somerset Holdings Corp. ...

IRS number

160961359

RAND stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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8-K

Shareholders can elect to receive cash or stock for Rand Capital Corporation’s Q4 2024 Dividend

17 Dec 24

8-K

Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024

6 Nov 24

Rand Capital Reports 12% Increase in Total Investment Income for First Quarter 2024

13 May 24

Submission of Matters to a Vote of Security Holders

8 May 24

ARS

2023 FY

Annual report to shareholders

1 Apr 24

5 Mar 24

Rand Capital Reports 27% Increase in Total Investment Income for 2023

5 Mar 24

Transcripts

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RAND

Earnings call transcript

2024 Q3

6 Nov 24

RAND

Earnings call transcript

2024 Q2

6 Aug 24

RAND

Earnings call transcript

2024 Q1

13 May 24

RAND

Earnings call transcript

2023 Q4

5 Mar 24

RAND

Earnings call transcript

2023 Q3

6 Nov 23

RAND

Earnings call transcript

2023 Q2

4 Aug 23

RAND

Earnings call transcript

2023 Q2

4 Aug 23

RAND

Earnings call transcript

2023 Q1

9 May 23

RAND

Earnings call transcript

2022 Q4

10 Mar 23

RAND

Earnings call transcript

2022 Q3

7 Nov 22

Latest ownership filings

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Financial summary

Financial statements Chart RAND financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.35 mm	3.35 mm	3.35 mm	3.35 mm	3.35 mm	3.35 mm
Cash burn (monthly)	(no burn)	416.97 k	(no burn)	(no burn)	521.51 k	1.23 mm
Cash used (since last report)	n/a	1.16 mm	n/a	n/a	1.46 mm	3.44 mm
Cash remaining	n/a	2.19 mm	n/a	n/a	1.90 mm	-88.41 k
Runway (months of cash)	n/a	5.2	n/a	n/a	3.6	-0.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

RAND institutional ownership history Ownership history

3.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	6	6	–
Opened positions	2	0	NEW
Closed positions	2	1	+100.0%
Increased positions	0	0
Reduced positions	1	1	–

13F shares	Current	Prev Q	Change
Total value	1.10 bn	909.88 mm	+21.0%
Total shares	84.65 k	67.80 k	+24.8%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Shufro Rose & Co	42.91 k	$558.27 mm	0.0%
Nottingham Advisors	21.08 k	$274.24 mm	-6.6%
Ewing Morris & Co. Investment Partners	18.65 k	$242.69 mm	NEW
BAC Bank of America	1.00 k	$13.01 mm	0.0%
Advisor	1.00 k	$13.01 mm	0.0%
WFC Wells Fargo & Company	1.00	$10.00 k	NEW
Proequities	0.00	$0.00

Largest transactions	Shares	Bought/sold	Change
Ewing Morris & Co. Investment Partners	18.65 k	+18.65 k	NEW
Nottingham Advisors	21.08 k	-1.50 k	-6.6%
UBS UBS	0.00	-300.00	EXIT
TCI Wealth Advisors	0.00	-10.00	EXIT
WFC Wells Fargo & Company	1.00	+1.00	NEW
BAC Bank of America	1.00 k	0.00	0.0%
Proequities	0.00	0.00
Shufro Rose & Co	42.91 k	0.00	0.0%
Advisor	1.00 k	0.00	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RAND insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Nov 24	Gusky Adam Samuel	Common Stock	Buy	Acquire P	Yes	No	16.1	200	3.22 k	28,094
20 Nov 24	Gusky Adam Samuel	Common Stock	Buy	Acquire P	Yes	No	16.05	25	401.25	27,894
20 Nov 24	Gusky Adam Samuel	Common Stock	Buy	Acquire P	Yes	No	16.15	100	1.61 k	27,869
20 Nov 24	Gusky Adam Samuel	Common Stock	Buy	Acquire P	Yes	No	16.1	50	805.00	27,769
12 Mar 24	Benjamin E Godley	Common Stock	Buy	Acquire P	No	No	13.95	1,965	27.41 k	25,000
7 Mar 24	Benjamin E Godley	Common Stock	Buy	Acquire P	No	No	13.99	183	2.56 k	23,035
6 Mar 24	Benjamin E Godley	Common Stock	Buy	Acquire P	No	No	13.95	852	11.89 k	22,852
17 Aug 23	Benjamin E Godley	Common Stock	Buy	Acquire P	No	No	13.15	100	1.32 k	22,000
16 Aug 23	Benjamin E Godley	Common Stock	Buy	Acquire P	No	No	12.98	1,900	24.66 k	21,900
16 Aug 23	Gusky Adam Samuel	Common Stock	Buy	Acquire P	Yes	No	12.96	1,814	23.51 k	27,719

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Rand Capital Q3 Adj $0.46 Up From $0.29 YoY, Sales $2.22M Up From $1.74M YoY

6 Nov 24

Rand Capital (NASDAQ:RAND) reported quarterly earnings of $0.46 per share. This is a 58.62 percent increase over earnings of $0.29 per share from the same period last year. The company reported $2.22 million in sales

Press releases

From Benzinga Pro

Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024

5 Dec 24

Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a

Rand Capital Reports 27% Increase in Total Investment Income for Third Quarter 2024, Supported by Strategic Debt Portfolio Growth

6 Nov 24

Total investment income rose 27% to $2.2 million for the quarter compared with the third quarter last year, driven by strong growth in interest income from an expanded portfolio of debt investments Net asset value

Rand Capital Announces Third Quarter 2024 Financial Results Conference Call and Webcast

23 Oct 24