Rand Capital (NASDAQ:RAND) Posts Earnings Results

Rand Capital (NASDAQ:RAND) announced its earnings results on Wednesday. The asset manager reported $0.23 earnings per share (EPS) for the quarter, FiscalAI reports. Rand Capital had a return on equity of 4.90% and a net margin of 57.89%. The firm had revenue of $1.31 million for the quarter.

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

• Portfolio interest income increased 4% sequentially to $1.2 million, reflecting contributions from investments made in the first half of the year.
• Net investment income fell to $0.23 per share from $0.33 a year earlier, below the $0.29 quarterly dividend. The company said it will monitor the gap as it considers year-end distributions.
• Four debt investments remained on non-accrual, with a combined fair value of $8.7 million, about 15% of the portfolio. The portfolio’s weighted average debt yield was 8.97%, down from 11.3% at year-end 2025.
• NAV per share edged up to $17.36 from $17.33, as gains at several portfolio companies outweighed declines elsewhere. Rand ended the quarter with $12.4 million of available borrowing capacity and said it will remain selective about new investments.

Rand Capital Price Performance

Shares of NASDAQ:RAND traded up $0.02 during trading on Friday, reaching $9.92. The stock had a trading volume of 1,774 shares, compared to its average volume of 3,628. The company has a debt-to-equity ratio of 0.10, a quick ratio of 90.68 and a current ratio of 90.68. Rand Capital has a 1-year low of $9.11 and a 1-year high of $17.49. The stock has a market cap of $29.46 million, a PE ratio of 9.63 and a beta of 0.12. The business has a fifty day moving average price of $10.08 and a 200-day moving average price of $10.63.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Rand Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Rand Capital currently has an average rating of “Sell”.

Rand Capital Company Profile

Rand Capital Corporation (NASDAQ: RAND) is a business development company that provides financing to small and lower-middle-market businesses. The company seeks to support the growth, recapitalization, acquisition, and ownership transitions of privately held and publicly traded companies through customized investment solutions.

Rand primarily invests in debt securities, including secured and subordinated loans, and may also make equity investments, such as common stock, preferred stock, and warrants.