Rand Capital Corp (RAND) Reports Q1 EPS of $0.21

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Go back to Rand Capital Corp (RAND) Reports Q1 EPS of $0.21

Rand Capital Reports 11% Increase in Total Investment Income for First Quarter 2022

May 9, 2022 7:00 AM EDT

Improved mix of interest yielding debt instruments drove 11% total investment income growth to $1.1 million for the quarter compared with the prior-year period Net asset value per share (NAV) of $23.23 at March 31, 2022, declined 1% from December 31, 2021 primarily due to changes in market value of portfolio holdings in publicly traded securities Total follow-on investments of $542,000 to support portfolio companies growth Announced regular quarterly dividend of $0.15 per share for second quarter 2022 Board of Directors renews $1.5 million share repurchase program

BUFFALO, N.Y.--(BUSINESS... More