Rand Capital - 40% Discount To A Growing Net Asset Value [Seeking Alpha]
Rand Capital Corporation - Closed End Fund (RAND)
US:NASDAQ Investor Relations:
ir.randcapital.com
Company Research
Source: Seeking Alpha
Summary Business Description: Rand Capital Corporation (NASDAQ: RAND ) is a business development company (BDC) located in Buffalo, NY that offers debt/equity funding & managerial assistance to early or expansion stage companies in upstate New York. As they describe themselves, they are a mutual fund of private companies as they have investments in about 30 different companies ranging from 0.5M to 3M per company. You can see their full list of portfolio companies here . Investment Thesis: Given the fact that many top venture capital funds are closed to new investors, Rand gives investors the opportunity to participate in venture capital & private equity. This investment is particularly attractive because Rand currently comes at a sharp discount to its net asset value or NAV. Rand currently trades around $3.00/share with a NAV of $5.16. This constitutes a 42% discount to its NAV. Albeit Rand is cheap on an absolute basis, it's also cheap on a relative basis when
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RAND
News
- Rand Capital Corporation (NASDAQ:RAND) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rand Capital Reports 27% Increase in Total Investment Income for 2023Business Wire
- Rand Capital Announces $0.25 per Share Cash Dividend for First Quarter 2024Business Wire
- Rand Capital Announces Fourth Quarter and Full Year 2023 Financial Results Conference Call and WebcastBusiness Wire
- Rand Capital's Board of Directors Approves Reduction of Asset Coverage Requirement [Yahoo! Finance]Yahoo! Finance
RAND
Sec Filings
- 4/1/24 - Form ARS
- 4/1/24 - Form DEF
- 4/1/24 - Form 40-17F2
- RAND's page on the SEC website