TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Rand Capital ( (RAND) ).
Rand Capital reported strong financial results for 2024, with a 17% increase in investment income to $8.6 million, driven by an expanded debt investment portfolio. The company increased its regular quarterly cash dividend by 16% and declared total dividends of $5.03 per share. Rand’s strategic focus on debt investments, which now make up 75% of its portfolio, has improved yields and net interest income. The company reduced its outstanding bank debt by $15.7 million and invested nearly $14 million in income-generating investments, positioning itself for continued growth in 2025.
More about Rand Capital
Rand Capital Corporation is a business development company that provides alternative financing for lower middle market companies.
YTD Price Performance: 17.45%
Average Trading Volume: 17,302
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $56.81M
Find detailed analytics on RAND stock on TipRanks’ Stock Analysis page.