earnings
confidence high
sentiment neutral
materiality 0.65
Rand Capital Q1 NII up 45% to $0.42/shr; NAV drops to $21.99 from $25.31
RAND CAPITAL CORP
2025-Q1 EPS reported
$0.29
- Net investment income $1.2M ($0.42/shr) vs $840K ($0.33/shr) YoY; total investment income $2.0M, down 3%.
- NAV per share fell 13% to $21.99 from $25.31 at year-end 2024, partly due to share issuance.
- Revolver debt fully repaid; quarter-end cash $4.9M and $22M available credit capacity.
- Declared unchanged Q2 dividend of $0.29/shr; weighted average shares up 11% to 2.87M.
- Annualized yield on debt investments declined to 12.2% from 13.8% at year-end 2024.