Rand Capital (NASDAQ:RAND) Posts Earnings Results

08 May 2026, 13:28 by Scott Moore · The Cerbat Gem

Rand Capital (NASDAQ:RAND – Get Free Report) posted its quarterly earnings results on Wednesday. The asset manager reported $0.18 earnings per share for the quarter, FiscalAI reports. Rand Capital had a positive return on equity of 5.78% and a negative net margin of 162.06%.The company had revenue of $1.24 million during the quarter.

Here are the key takeaways from Rand Capital’s conference call:

Balance sheet flexibility — ended Q1 with NAV $17.16/share, about $20.1M of available credit and only $0.5M drawn, plus a renewed $1.5M share repurchase authorization.
Capital recycling and deployment — realized a ~$1.1M gain from the Seybert’s exit, deployed $5.1M in new/follow-on investments (including a $4.0M AME Holdco deal at 13% plus equity), supporting future income potential.
Earnings pressure — total investment income fell 38% y/y to $1.2M and net investment income was just $0.18/share, with the portfolio yield declining to 9.43% from 11.3% due mainly to repayments and non-accruals.
Credit stress in specific holdings — FSS and MRES remain on non-accrual (MRES is in a technical bankruptcy); RAND is allocating follow-on capital and pursuing workouts, which could weigh on near-term returns.

Rand Capital Trading Down 1.6%

RAND traded down $0.18 during midday trading on Friday, reaching $10.82. The company’s stock had a trading volume of 409 shares, compared to its average volume of 4,460. The stock has a market cap of $32.12 million, a P/E ratio of -3.51 and a beta of 0.09. The company has a fifty day simple moving average of $11.36 and a 200 day simple moving average of $12.26. Rand Capital has a twelve month low of $10.05 and a twelve month high of $20.00.

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a yield of 10.7%. Rand Capital’s dividend payout ratio (DPR) is -43.12%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Rand Capital in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on RAND

Institutional Trading of Rand Capital

An institutional investor recently bought a new position in Rand Capital stock. Ritholtz Wealth Management acquired a new position in shares of Rand Capital Corporation (NASDAQ:RAND – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned approximately 0.37% of Rand Capital at the end of the most recent quarter.

Rand Capital Company Profile

(Get Free Report)

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.