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Rand Capital Corp: 2 directors
Two Directors at Rand Capital Corp bought 10,650 shares at between 14.858USD and 14.900USD. The significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
Rand Capital Corporation to Ring the Closing Bell Today to Celebrate 5...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND), a business development company (“BDC”), announced that President and Chief Executive Officer Allen F. (“Pete”) Grum will ring the Nasdaq closing bell today at 4:00 p.m. ET in celebration of 50 years of trading on the Nasdaq Stock Market. “We are excited to celebrate this important milestone in our corporate history,” commented Mr. Grum. “This period also marks an important step in our transformation into an income-producing, dividend paying BDC. We believe we can continue to execute on our strategic plan with regular quarterly dividend payment...
Rand Capital Reports 16.9% Increase in Net Asset Value for the First Q...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter ended March 31, 2021. Allen F. (“Pete”) Grum, President and Chief Executive Officer of Rand, commented, “We had a very active quarter with our portfolio, making $6.7 million in investments and receiving $4.5 million in exits and loan repayments. We are executing well on our strategy to build a portfolio that contributes to growth in net investment income. Interest from portfolio companies was approximately 33% higher in the quarter compared ...
Rand Capital Announces Second Quarter Dividend of $0.10 per share
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), today announced that its Board of Directors declared its regular quarterly cash dividend of $0.10 per share. The cash dividend will be paid on or about June 16, 2021 to shareholders of record as of June 2, 2021. At March 31, 2021, Rand had approximately 2.6 million shares outstanding. Additional Information Regarding Dividend Payments The amount and timing of dividends, including future dividends, are subject to the discretion of Rand’s Board of Directors. When declaring distributions, Rand’s Bo...
Rand Capital Announces First Quarter 2021 Financial Results Conference...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand” or the “Company”), a business development company, announced that it will release its first quarter 2021 financial results before the opening of financial markets on Monday, May 10, 2021. The Company will host a conference call and webcast that same day to review its results and discuss its corporate strategies. A question-and-answer session will follow. First Quarter 2021 Conference Call Monday, May 10, 2021 1:30 p.m. Eastern Time Phone: (201) 689-8263 Webcast: A telephonic replay will be available from 4:30 p.m. ET on the day of t...
Rand Capital Announces $4.5 Million in Funding for New Portfolio Comp...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, today announced that it recently funded two new portfolio companies with a total investment of approximately $4.5 million, primarily through debt instruments with equity components. Rand funded a term loan with warrants for Seybert’s Billiard Supply as part of a larger investment led by Moa Capital, a growth private equity firm. In partnership with the Seybert’s founder, Sid Kreis, Moa acquired an equity interest in the company while also providing growth capital. Seybert’s, which was founded in 1998, c...
Rand Capital Congratulates ACV Auctions Inc. on Successful IPO
BUFFALO, N.Y.--(BUSINESS WIRE)-- The Board of Directors of (Nasdaq:RAND) (“Rand”) and the management team extend their congratulations to the ACV Auctions Inc. team on their successful initial public offering (“IPO”) today. Pete Grum, President and CEO of Rand Capital, stated, “As an early investor in ACV, we are proud to have been a part of their success and offer our heartfelt congratulations for the fast-pace at which they have developed their technology and advanced their business. We were happy to support management and their vision to change the world of the wholesale automobile market...
Rand Capital Reports Net Investment Income per Share of $0.29 for the ...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter and year ended December 31, 2020. Allen F. (“Pete”) Grum, President and Chief Executive Officer of Rand, commented, “We made measurable progress in 2020 with the transformation of Rand Capital. We declared a special dividend of $23.7 million, or $1.62 per share in March; executed a 1:9 reverse stock split in May; declared the 2020 dividend of $1.33 per share in December and continued to evolve our portfolio. Importantly, we have now structur...
Rand Capital Initiates Quarterly Dividend at $0.10 Per Share
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), today announced that its Board of Directors declared its first regular quarterly cash dividend of $0.10 per share. The cash dividend will be paid on or about March 29, 2021 to shareholders of record as of March 15, 2021. At December 31, 2020, Rand had approximately 2.6 million shares outstanding. Pete Grum, President and CEO of Rand noted, “We are pleased to initiate our regular dividend at an annualized rate of 40 cents per share. We feel this is a conservative level based on our expectations o...
Rand Capital Announces Fourth Quarter and Full Year 2020 Financial Res...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, announced today that it will release its fourth quarter and full year 2020 financial results before the opening of financial markets on Monday, March 8, 2021. The Company will host a conference call and webcast that same day to review its results and discuss its corporate strategies. A question-and-answer session will follow. Fourth Quarter and Full Year 2020 Conference Call Monday, March 8, 2021 1:30 p.m. Eastern Time Phone: (201) 689-8263 Webcast: A telephonic replay will be available f...
Rand Capital Declares 2020 Cash Dividend of $1.33 per Share
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), today announced that its Board of Directors declared a 2020 cash dividend of $1.33 per share. The 2020 cash dividend will be paid on or about January 19, 2021 to shareholders of record as of December 31, 2020. The cash dividend is expected to represent over 90% of estimated taxable income for Rand in 2020. Pete Grum, President and CEO of Rand, commented, “With this dividend, we have transformed Rand into a dividend paying BDC and will elect to be treated as a regulated investment company (“RIC”)...
Rand Capital Changes Venue for Special Meeting of Shareholders to Virt...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand” or “Rand Capital” or the “Company”), a business development company, today announced that due to the ongoing impact of the COVID-19 virus, it is converting its Special Meeting of Shareholders to be held on Wednesday, December 16, 2020, at 10:00 a.m. Eastern Time to virtual only participation. Shareholders as of the close of business on November 9, 2020, which is the record date for the Special Meeting, can attend the meeting virtually via . Shareholders are encouraged to go to the website link and register ahead of the Special Meeting. ...
Rand Capital Participates in Centivo $34 Million Series B Funding
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, today announced that it recently funded a $500,000 Series B Preferred stock follow-on investment in its portfolio company, Centivo Corporation. The investment was part of a $34 million capital raise and brings Rand’s total investment in Centivo to $800,000. Allen F. (“Pete”) Grum, President and Chief Executive Officer, noted, “We are excited to further support Centivo’s efforts to bring lower cost, higher quality health care plans to more markets. We continue to support our legacy portfolio of investmen...
Rand Capital Makes Largest Initial Funding of $3.8 Million with Caitec...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, today announced that it recently funded an initial investment in Caitec Inc., a rapidly growing provider of specialty pet products. Rand invested $3.5 million through a 14% subordinated secured note and an additional $300,000 in Class A Preferred stock. Allen F. (“Pete”) Grum, President and Chief Executive Officer, noted, “The investment in Caitec represents a key transition point for Rand, as it represents one of the largest initial financings into a business in our history. While the investment follow...
Rand Capital Reports Net Investment Income Per Share of $0.11 for the ...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq:RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter ended September 30, 2020. Allen F. (“Pete”) Grum, President and Chief Executive Officer of Rand, commented, “We delivered solid results in the third quarter as we continue to advance the transformation of Rand. Since refocusing our business to become a regular dividend paying business development company, we have effectively increased our yielding assets and reduced our operating expenses. With our intention to elect regulated investment comp...
Rand Capital Announces Third Quarter 2020 Financial Results Conference...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, announced today that it will release its third quarter 2020 financial results before the opening of financial markets on Friday, November 6, 2020. The Company will host a conference call and webcast that same day to review its results, and discuss its corporate strategies. A question-and-answer session will follow. Third Quarter 2020 Conference Call Friday, November 6, 2020 10:30 a.m. Eastern Time Phone: (201) 689-8263 Webcast: A telephonic replay will be available from 1:30 p.m. ET on the day of th...
Rand Capital Adopts 10b5-1 Trading Plan for Share Repurchase Program
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, today announced that it has entered into a Rule 10b5-1 trading plan to facilitate the repurchase of shares of its common stock in accordance with its previously announced $1.5 million share repurchase program. The Rule 10b5-1 trading plan is effective September 14, 2020. Implementing the Rule 10b5-1 trading plan allows Rand to repurchase shares at times when the Company might otherwise be prevented from doing so by securities laws or because of self-imposed trading blackout periods. Share repurchases u...
Rand Capital Reports Net Investment Income per Share of $0.08 for the ...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), announced its results for the quarter ended June 30, 2020. All per share values for prior periods are adjusted for the 1 for 9 reverse stock split that was effective May 21, 2020. Allen F. (“Pete”) Grum, President and Chief Executive Officer of Rand, commented, “Our second quarter results demonstrate the effectiveness of our strategy to transform Rand. To accomplish this, we externalized our management, distributed a $23.7 million dividend and have redirected our investment priorities to yieldi...
Rand Capital Announces Second Quarter 2020 Financial Results Conferenc...
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq: RAND) (“Rand”), a business development company, announced today that it will release its second quarter 2020 financial results before the opening of financial markets on Friday, August 7, 2020. The Company will host a conference call and webcast that same day to review its results, and discuss its corporate strategies. A question-and-answer session will follow. Second Quarter 2020 Conference Call Friday, August 7, 2020 10:30 a.m. Eastern Time Phone: (201) 689-8263 Webcast: A telephonic replay will be available from 1:30 p.m. ET on the day of ...
Rand Capital Confirms 1-For-9 Reverse Stock Split Effective at 5:00 p....
BUFFALO, N.Y.--(BUSINESS WIRE)-- (Nasdaq:RAND) (“Rand” or “Rand Capital” or the “Company”), a business development company, today confirmed that it is proceeding with its previously announced 1-for-9 reverse stock split of the Company's common stock. The reverse split will be effective today at 5:00 p.m. Eastern Time (the "Effective Time"), and the Company's common stock will begin trading on a split-adjusted basis on the Nasdaq Stock Market as of the market open on May 22, 2020. The reverse stock split affects all issued and outstanding shares of the Company's common stock including shares...
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