earnings
confidence high
sentiment negative
materiality 0.70
Rand Capital Q2 2026: net investment income $0.24/share (down 71% YoY); NAV $17.33; dividend $0.29
RAND CAPITAL CORP
- Total investment income $1.4M, down 13% from $1.6M; non-accruals pressure.
- Net investment income $710k ($0.24/share) vs $2.5M ($0.83) prior year; adjusted $0.24 vs $0.33.
- Portfolio fair value $56.5M (+16.5% from Dec 2025); deployed $6.9M into two new investments; realized gain $959k.
- BMP Swanson write-down of $2.5M to zero; weighted average yield on debt 8.98% vs 11.3%.
- Declared Q3 dividend $0.29/share; cash $430k; line of credit $5.1M outstanding.