Rand Capital Corporation (RAND)

NASDAQ: RAND · IEX Real-Time Price · USD
13.97
+0.19 (1.38%)
Mar 28, 2024, 10:15 AM EDT - Market open

Company Description

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments.

Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.

It does not prefer to invest in real estate sector. It prefers to invest in software, professional services, manufacturing, consumer, healthcare, automotive and public d stocks.

It prefers to invest in East or Midwest U.S. operations sectors. It typically invests between $0.75 million and $5 million with initial target size of $1.5 million.

It seeks to invest in companies having more than $2 million in revenue or having excess of $1.5 million and up to $5 million in EBITDA.

It prefers to be a minority stake and seeks to take a Board seat in its portfolio companies. It typically holds its investments for a period up to five years.

Rand Capital Corporation
Rand Capital logo
Country United States
Founded 1969
Industry Asset Management
Sector Financials
Employees 4
CEO Daniel Patrick Penberthy

Contact Details

Address:
1405 Rand Building
Buffalo, New York 14203
United States
Phone (716) 853-0802
Website randcapital.com

Stock Details

Ticker Symbol RAND
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
CIK Code 0000081955
CUSIP Number 752185207
ISIN Number US7521852076
Employer ID 16-0961359

Key Executives

Name Position
Daniel Patrick Penberthy President and Chief Executive Officer
Margaret Whalen Brechtel CPA Executive Vice President, Treasurer, Chief Financial Officer and Secretary
Deborah Kay Pawlowski Investor Relations
Heather Eastgate Chief Compliance Officer

Latest SEC Filings

Date Type Title
Mar 5, 2024 10-K Annual Report
Mar 5, 2024 8-K Current Report
Jan 29, 2024 8-K Current Report
Nov 21, 2023 40-17F2 Filing
Nov 6, 2023 10-Q Quarterly Report
Aug 7, 2023 40-17G Filing
Aug 4, 2023 10-Q Quarterly Report
Aug 4, 2023 8-K Current Report
Jun 30, 2023 40-17F2 Filing
May 9, 2023 10-Q Quarterly Report