Loading...

We've got a brand new version of Simply Wall St! Try it out

Rand Capital

Nasdaq:RAND
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAND
Nasdaq
$41M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Rand Capital Corporation is a business development company and small business investment company specializing in venture capital and private equity investments. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Rand Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
RAND Share Price and Events
7 Day Returns
1.8%
NasdaqCM:RAND
1%
US Capital Markets
0.7%
US Market
1 Year Returns
13.4%
NasdaqCM:RAND
8.6%
US Capital Markets
13.7%
US Market
RAND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rand Capital (RAND) 1.8% 4.8% 2.5% 13.4% -11.8% -23%
US Capital Markets 1% 5.5% 7.4% 8.6% 34.5% 59.9%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • RAND outperformed the Capital Markets industry which returned 8.6% over the past year.
  • RAND matched the United States of America Market (13.7%) over the past year.
Price Volatility
RAND
Industry
5yr Volatility vs Market

RAND Value

 Is Rand Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Rand Capital. This is due to cash flow or dividend data being unavailable. The share price is $2.7783.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rand Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rand Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:RAND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.45
NasdaqCM:RAND Share Price ** NasdaqCM (2019-11-18) in USD $2.78
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 37.79x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rand Capital.

NasdaqCM:RAND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:RAND Share Price ÷ EPS (both in USD)

= 2.78 ÷ -0.45

-6.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rand Capital is loss making, we can't compare its value to the US Capital Markets industry average.
  • Rand Capital is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Rand Capital's expected growth come at a high price?
Raw Data
NasdaqCM:RAND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Rand Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rand Capital's assets?
Raw Data
NasdaqCM:RAND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $4.39
NasdaqCM:RAND Share Price * NasdaqCM (2019-11-18) in USD $2.78
United States of America Capital Markets Industry PB Ratio Median Figure of 155 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:RAND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:RAND Share Price ÷ Book Value per Share (both in USD)

= 2.78 ÷ 4.39

0.63x

* Primary Listing of Rand Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rand Capital is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Rand Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Rand Capital has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RAND Future Performance

 How is Rand Capital expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rand Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.3%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rand Capital expected to grow at an attractive rate?
  • Unable to compare Rand Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rand Capital's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Rand Capital's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:RAND Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:RAND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:RAND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 2 2 -3
2019-06-30 3 1 0
2019-03-31 2 0 1
2018-12-31 2 -3 0
2018-09-30 2 -2 -1
2018-06-30 2 -2 -1
2018-03-31 1 -5 -1
2017-12-31 1 -6 -1
2017-09-30 1 -5 -1
2017-06-30 1 -8 -2
2017-03-31 1 -7 -1
2016-12-31 1 6 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rand Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Rand Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:RAND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rand Capital Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:RAND Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.45
2019-06-30 -0.02
2019-03-31 0.09
2018-12-31 -0.06
2018-09-30 -0.17
2018-06-30 -0.14
2018-03-31 -0.14
2017-12-31 -0.11
2017-09-30 -0.18
2017-06-30 -0.28
2017-03-31 -0.21
2016-12-31 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rand Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of RAND’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Rand Capital's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Rand Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Rand Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rand Capital has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RAND Past Performance

  How has Rand Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rand Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rand Capital does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Rand Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rand Capital's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Rand Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rand Capital Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:RAND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2.41 -2.83 2.35
2019-06-30 2.63 -0.13 2.28
2019-03-31 2.46 0.58 1.96
2018-12-31 2.11 -0.39 1.88
2018-09-30 1.82 -1.10 1.65
2018-06-30 1.55 -0.87 1.64
2018-03-31 1.49 -0.87 1.77
2017-12-31 1.45 -0.71 1.70
2017-09-30 1.38 -1.15 1.74
2017-06-30 1.29 -1.78 1.79
2017-03-31 1.17 -1.34 1.67
2016-12-31 1.03 -1.20 3.09
2016-09-30 1.48 -0.10 3.20
2016-06-30 1.88 0.76 3.11
2016-03-31 2.38 1.10 3.01
2015-12-31 2.82 1.50 1.51
2015-09-30 2.90 4.58 2.33
2015-06-30 2.76 4.51 2.28
2015-03-31 2.71 4.89 2.28
2014-12-31 2.58 4.54 2.23
2014-09-30 2.20 3.61 2.22
2014-06-30 2.14 3.15 2.22
2014-03-31 2.20 2.90 2.27
2013-12-31 2.45 2.87 2.17
2013-09-30 2.43 0.09 1.39
2013-06-30 3.37 -1.07 1.46
2013-03-31 3.07 1.54 1.57
2012-12-31 2.60 1.94 1.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Rand Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Rand Capital has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Rand Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Rand Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rand Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RAND Health

 How is Rand Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rand Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rand Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rand Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rand Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rand Capital Company Filings, last reported 1 month ago.

NasdaqCM:RAND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 27.75 10.78 9.29
2019-06-30 30.63 10.77 8.65
2019-03-31 31.98 10.76 8.69
2018-12-31 31.52 8.55 4.03
2018-09-30 30.59 7.88 4.40
2018-06-30 30.77 7.87 4.72
2018-03-31 31.40 7.86 5.50
2017-12-31 31.92 7.86 6.26
2017-09-30 31.69 7.85 6.37
2017-06-30 31.63 7.84 6.59
2017-03-31 32.27 7.83 10.69
2016-12-31 32.63 7.83 12.28
2016-09-30 32.85 7.82 11.71
2016-06-30 33.44 7.81 14.38
2016-03-31 33.64 7.81 17.95
2015-12-31 33.85 7.80 5.84
2015-09-30 32.96 8.00 4.76
2015-06-30 32.68 8.00 6.52
2015-03-31 32.53 8.00 7.95
2014-12-31 32.35 8.00 13.23
2014-09-30 28.55 7.00 4.65
2014-06-30 28.42 7.00 4.09
2014-03-31 27.90 7.00 7.37
2013-12-31 28.07 7.00 9.76
2013-09-30 25.07 5.50 3.95
2013-06-30 25.52 4.00 3.77
2013-03-31 25.59 4.00 4.81
2012-12-31 25.78 4.90 4.22
  • Rand Capital's level of debt (38.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.5% vs 38.8% today).
  • Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).
  • Rand Capital is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Rand Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rand Capital has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RAND Dividends

 What is Rand Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Rand Capital dividends.
If you bought $2,000 of Rand Capital shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rand Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rand Capital's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:RAND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rand Capital has not reported any payouts.
  • Unable to verify if Rand Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rand Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rand Capital has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rand Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rand Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rand Capital has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RAND Management

 What is the CEO of Rand Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pete Grum
COMPENSATION $328,166
AGE 61
TENURE AS CEO 23.8 years
CEO Bio

Mr. Allen F. Grum, Jr., also known as Pete, has been the Chief Executive Officer, President and Director of Rand Capital Corporation since January 1996. Mr. Grum has been employed with Rand Capital Corp. since 1995. He oversees Rand Capital’s investment activities and takes an active role in the investment process from deal sourcing to fund marketing. He is a Principal at Rand Capital SBIC, L.P. Mr. Grum served as a Senior Vice President at Rand Capital Corporation since June 1995. Previously, he was employed in the banking and mortgage banking industries. From 1994 to 1995, he served as an Executive Vice President at Hamilton Financial Corporation and from 1991 to 1994, he served as the Senior Vice President at Marine Midland Mortgage Corporation. He serves as the Chairman of Health Management Group Board. He serves as a Director of ARIA Wireless Systems Inc., and SocialFlow, Inc. He serves as a Director of 43North since February 11, 2015. He also serves on the Boards of Directors of a number of companies in which Rand Capital Corporation has an investment. Mr. Grum served as a Director of SOMS Technologies LLC. He served as a Director of Horizon Health Services, Inc. He is a seasoned financial services executive with over 20 years of experience with financial services organizations. Mr. Grum also oversees the 43 North competition. He holds an M.B.A. from Rochester Institute of Technology and a B.A. in Economics from Eisenhower College.

CEO Compensation
  • Pete's compensation has increased whilst company is loss making.
  • Pete's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Pete Grum

TITLE
President
COMPENSATION
$328K
AGE
61
TENURE
23.8 yrs

Dan Penberthy

TITLE
Executive VP
COMPENSATION
$307K
AGE
56
TENURE
22.8 yrs

Debbie Pawlowski

TITLE
Investor Relations

Margaret Brechtel

TITLE
Vice President of Finance
Board of Directors Tenure

Average tenure and age of the Rand Capital board of directors in years:

23.8
Average Tenure
61
Average Age
  • The average tenure for the Rand Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Erkie Kailbourne

TITLE
Chairman of the Board
COMPENSATION
$31K
AGE
78
TENURE
1.6 yrs

Pete Grum

TITLE
President
COMPENSATION
$328K
AGE
61
TENURE
23.8 yrs

Bob Zak

TITLE
Vice Chairman
COMPENSATION
$26K
AGE
61
TENURE
5 yrs

Ross Kenzie

TITLE
Independent Director
COMPENSATION
$28K
AGE
87
TENURE
23.8 yrs

Jayne Rand

TITLE
Independent Director
COMPENSATION
$25K
AGE
58
TENURE
30.8 yrs

Adam Gusky

TITLE
Director

Ben Godley

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Rand Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rand Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RAND News

Simply Wall St News

Who Really Owns Rand Capital Corporation (NASDAQ:RAND)?

Today, I will be analyzing Rand Capital Corporation’s (NASDAQ:RAND) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Therefore, it is beneficial for us to examine RAND's ownership structure in more detail.

Simply Wall St -

How Should Investors React To Rand Capital Corporation's (NASDAQ:RAND) CEO Pay?

See our latest analysis for Rand Capital What has RAND's performance been like? … Recently, RAND released negative earnings of -US$710.68K. … Normally I would use earnings and market cap to account for variations in performance, however, RAND's negative earnings lower the usefulness of my formula.

Simply Wall St -

Who Are The Major Shareholders In Rand Capital Corporation (NASDAQ:RAND)?

NasdaqCM:RAND Insider_trading Mar 30th 18 General Public Ownership The general public holds a substantial 51.07% stake in RAND, making it a highly popular stock among retail investors. … Private Company Ownership Potential investors in RAND should also look at another important group of investors: private companies, with a stake of 18.44%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Want To Invest In Rand Capital Corporation (NASDAQ:RAND)? Here's How It Performed Lately

See our latest analysis for Rand Capital How Well Did RAND Perform? … For Rand Capital, its latest earnings (trailing twelve month) is -US$710.68K, which, in comparison to the previous year's level, has become less negative. … This suggests that, even though Rand Capital is currently loss-making, it may have been aided by industry tailwinds, moving earnings in the right direction.What does this mean?

Simply Wall St -

How Should Investors React To Rand Capital Corporation's (NASDAQ:RAND) CEO Pay?

See our latest analysis for Rand Capital What has been the trend in RAND's earnings? … Over the last year RAND delivered negative earnings of -$1.2M , which is a further decline from prior year's loss of -$0.1M. … Typically I'd use market cap and profit as factors determining performance, however, RAND's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Who Owns Most Of Rand Capital Corporation (NASDAQ:RAND)?

Check out our latest analysis for Rand Capital NasdaqCM:RAND Ownership_summary Dec 27th 17 Institutional Ownership Institutions account for 19.31% of RAND's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Although RAND has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … What this means for you: RAND's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Is Rand Capital Corporation (NASDAQ:RAND) Thriving Or Barely Surviving In The Financial Sector?

Below, I will examine the sector growth prospects, and also determine whether Rand Capital is a laggard or leader relative to its financial sector peers. … As the company trails the rest of the industry in terms of growth, Rand Capital may also be a cheaper stock relative to its peers. … If your initial investment thesis is around the growth prospects of Rand Capital, there are other capital markets companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Should You Be Concerned About Rand Capital Corporation's (RAND) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … View our latest analysis for Rand Capital An interpretation of RAND's beta Rand Capital’s beta of 0.14 indicates that the company is less volatile relative to the diversified market portfolio. … RAND's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns.

Simply Wall St -

RAND Company Info

Description

Rand Capital Corporation is a business development company and small business investment company specializing in venture capital and private equity investments. The firm prefers to make investments through equity or debt instruments in early venture, expansion stage, and in small to medium-sized privately held companies. It generally lends to more mature companies. The firm does not prefer to invest in real estate sector. It invests in companies that are engaged in the exploitation of new or unique products, technologies, or services. The firm invests in healthcare, consumer products, manufacturing, software, and professional services. It seeks to invest in companies based in the Western and Upstate New York region and its surrounding states with focus on Buffalo and Niagara region. The firm may invest in region within three to five hour drives from Western New York including Canada. It typically invests between $0.5 million and $1.5 million and the total investment in rounds is between $1 million and $5 million. The firm seeks to invest up to maximum of $3 million total per company as part of follow-on investments. It invest in startups and companies having annual revenue up to $10 million. The firm Follow-on investment(s) up to a targeted maximum of $2 million to $3 million total per company. The firm frequently participate three investment round. The firm seeks to be a lead investor in companies within its geographical area and participates in syndicate/co-invest with other investors outside it. It prefers to invest in businesses that are unique or possess proprietary right. The firm prefers to be a minority investor and seeks to take a Board seat in its portfolio companies. It typically holds its investments for a period of five to seven years. Rand Capital Corporation was founded in 1969 and is based in Buffalo, New York.

Details
Name: Rand Capital Corporation
RAND
Exchange: NasdaqCM
Founded: 1969
$40,716,878
14,655,321
Website: http://www.randcapital.com
Address: Rand Capital Corporation
2200 Rand Building,
Buffalo,
New York, 14203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM RAND Common Stock Nasdaq Capital Market US USD 02. Jan 1973
Number of employees
Current staff
Staff numbers
4
Rand Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 23:51
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.