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Rand Capital Corp. (RAND)
NASDAQ:RAND
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.42Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 59.52%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
Rand Capital reported strong growth in investment income and net asset value, along with successful investment exits and increased dividend payouts. However, there were challenges including a decrease in the fair value of the portfolio, increased expenses, and a realized loss on an investment exit.Company Guidance
During Rand Capital Corporation's third quarter 2024 earnings call, the company reported a 27% year-over-year increase in total investment income, reaching $2.2 million, driven by the addition of five new debt instruments and enhanced fee income. The net asset value per share increased by 3% from the previous quarter and 16% year-to-date, reaching $27.29, reflecting a well-managed $75 million portfolio with 74% in debt investments yielding 13.8%. Rand successfully exited several key investments, including SciAps, which generated $13.1 million in proceeds, and sold final positions in two public BDCs for $1.3 million, strengthening their balance sheet and reducing outstanding bank debt by $13.3 million to $3.9 million. The company maintained $24 million in total liquidity, supporting strategic high-return investments. They highlighted a consistent increase in dividends from $0.44 per share in 2021 to $1.33 in 2023, with $0.83 per share paid in 2024 as of Q3. The call concluded with optimism about future debt portfolio expansion and commitment to maximizing shareholder value through strategic capital deployment and increased dividends.Strong Growth in Total Investment Income
Rand Capital achieved a 27% increase in total investment income year-over-year, reaching $2.2 million.
Increase in Net Asset Value Per Share
Net asset value per share rose 3% from the prior quarter and 16% year-to-date, reaching $27.29.
Successful Exits and Strengthened Balance Sheet
Rand successfully exited several key investments including SciAps, generating $13.1 million in proceeds and lowering bank debt by $13.3 million.
Increased Dividend Payouts
Dividends have increased from $0.44 per share in 2021 to $1.33 in 2023, with $0.83 paid so far in 2024.
Diversified and Debt-Focused Portfolio
Rand's portfolio is now 74% debt-focused, enhancing stability and yield with an overall yield of 13.8%.
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RAND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RAND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $13.44 | $13.40 | -0.30% |
| Aug 06, 2024 | $13.86 | $13.89 | +0.22% |
| May 13, 2024 | $11.27 | $11.64 | +3.28% |
| Mar 05, 2024 | $10.74 | $10.64 | -0.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rand Capital Corp. (RAND) report earnings?
Rand Capital Corp. (RAND) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Rand Capital Corp. (RAND) earnings time?
Rand Capital Corp. (RAND) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RAND EPS forecast?
Currently, no data Available
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