RAND - Rand Capital Corporation
| Previous Close | 2.8000 |
| Open | 2.8400 |
| Bid | 2.5300 x 800 |
| Ask | 0.0000 x 3000 |
| Day's Range | 2.7240 - 2.8500 |
| 52 Week Range | 2.1400 - 3.6000 |
| Volume | 24,033 |
| Avg. Volume | 9,201 |
| Market Cap | 40.717M |
| Beta (3Y Monthly) | 0.06 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.4480 |
| Earnings Date | Nov 7, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 1994-06-14 |
| 1y Target Est | N/A |
- Business Wire
Rand Capital Announces Closing of Stock Purchase Transaction for $25 Million Strategic Investment by East Asset Management
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital” or the “Company”), a business development company, announced that it closed on the previously announced transaction with East Asset Management (“EAM”). The transaction included a $25 million strategic investment in Rand by EAM, in exchange for approximately 8.3 million shares of Rand common stock.
- Thomson Reuters StreetEvents
Edited Transcript of RAND earnings conference call or presentation 7-Nov-19 7:30pm GMT
Q3 2019 Rand Capital Corp Earnings Call
- Business Wire
Rand Capital Announces Third Quarter 2019 Results
BUFFALO, N.Y.-- -- Net Asset Value per share was $4.39 at September 30, 2019 Received approval from U.S. Small Business Administration, plan for East transaction closing in November Board renewed and increased share buyback authorization Rand Capital Corporation , a business development company, announced its results for the quarter and nine months ended September 30, 2019. Allen F. Grum, President ...
- Business Wire
Rand Capital Portfolio Company, KnowledgeVision, Merges with OpenExchange
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital”), a business development company, announced that one of its portfolio companies, KnowledgeVision Systems, Inc., has merged with OpenExchange Inc. to form a market leading innovative video solutions company. The merged company is dedicated to serving live, on-demand and streaming video needs of the professional investment and financial services industries worldwide.
- Business Wire
Rand Capital Announces Third Quarter 2019 Financial Results Conference Call and Webcast
Rand Capital Corporation , a business development company, announced today that it will release its third quarter 2019 financial results before the opening of financial markets on Thursday, November 7, 2019.
- GlobeNewswire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Rand Capital Corporation -- RAND
NEW YORK, May 28, 2019 -- Levi & Korsinsky announces it has commenced an investigation of Rand Capital Corporation (NASDAQ: RAND) concerning possible breaches of fiduciary.
- Business Wire
Rand Capital Announces Final Certified Results for Special Meeting with Shareholders Approving All Proposals
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital” or the “Company”), a business development company, announced today that the independent inspector of elections for Rand’s special meeting of shareholders has issued the final certified voting results for the special meeting confirming that shareholders have approved all proposals related to the transformational transactions with East Asset Management, LLC (“East”). Under the terms of the stock purchase transaction, which was announced on January 25, 2019, East will purchase approximately 8.3 million shares of common stock, at a price of $3.00 per share, for total consideration payable to the Company of $25.0 million. As a result of the stock purchase, East will hold approximately 57% of the outstanding shares of the Company.
- Business Wire
Rand Capital Announces Preliminary Results of Special Meeting with Shareholders Supporting All Proposals
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital”), a business development company, announced today that based on the preliminary voting results provided by the independent inspector of election, but subject to certification of the final voting results by the independent inspector of election, all proposals related to the transformational transactions with East Asset Management, LLC (“East”) were approved at a special meeting of shareholders (the “Meeting”) held on May 16, 2019. Approved the issuance and sale of approximately 8.3 million shares of common stock to East at a price per share of $3.00 for total consideration of $25 million in cash and income-producing portfolio assets pursuant to a Stock Purchase Agreement dated January 24, 2019.
- Business Wire
User-Friendly to Push for Value Maximizing Change at Rand Capital if Shareholders Reject Flawed Take-Over by East Asset Management
User-Friendly Phone Book, LLC (“User-Friendly”), the largest shareholder of Rand Capital Corporation (“Rand” or the “Company”) (RAND) owning 1,455,993 shares or approximately 23.0% of the Company, today committed to push for positive change at Rand on behalf of all shareholders. Upon shareholders rejecting the flawed take-over by East Asset Management, LLC (“East”), which would give away control of the Company at a 41% discount to the Company’s net asset value, User-Friendly intends to take actions to effect significant change in Rand’s board of directors, including proposing its own slate of directors and, if necessary, demanding the Company to call a special meeting of shareholders for the election of directors.
- Business Wire
User-Friendly Phone Book Highlights the Fact That ISS Recommended Rand Capital Shareholders Vote Against All Rand Capital Directors
2017 ISS Report Recommended Total Board Overhaul, Highlighted Entrenched Interest
- Business Wire
User-Friendly Phone Book Urges Rand Capital Shareholders to Vote Against Flawed Transaction with East Asset Management
User-Friendly Phone Book, LLC (“User-Friendly”), the largest shareholder of Rand Capital Corporation (“Rand” or the “Company”) (RAND) owning 1,455,993 shares or approximately 23.0% of the Company, today urged Rand shareholders to vote AGAINST the proposed transaction with East Asset Management, LLC (“East”) using the WHITE proxy card at the special meeting of shareholders scheduled to take place on May 16, 2019 (the “Special Meeting”).
- Business Wire
Glass Lewis Joins ISS in Recommending Shareholders Vote “FOR” All Proposals Related to the Transactions to Transform Rand Capital
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital”), a business development company, announced today that leading independent proxy advisory firm, Glass Lewis, has joined Institutional Shareholder Services (“ISS”), in recommending that Rand’s shareholders vote “FOR” the transactions related to the $25 million investment by East Asset Management and the transformation of Rand at the Special Meeting of shareholders to be held on May 16, 2019.
- Business Wire
User-Friendly Phone Book Files Definitive Proxy and Open Letter, Urging Fellow Shareholders of Rand Capital to Vote Against Transaction with East Asset Management
Proposed Transaction Represents Approximately 41% Discount to Company’s Own Stated Net Asset Value
- Business Wire
ISS Recommends Shareholders Vote “For” All Proposals Related to the Transactions to Transform Rand Capital
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital”), a business development company, today announced that America’s leading independent proxy advisory firm, Institutional Shareholder Services (“ISS”), recommends that Rand’s shareholders vote “FOR” all five proposals at the special meeting of shareholders to be held on May 16, 2019. Erland "Erkie" Kailbourne, Chairman of the Board, commented, “We are committed to the future potential of Rand and believe East Asset Management’s investment of $25 million into Rand provides the best opportunity to grow shareholder value. The company’s management has consistently stated during earnings calls and other public communications that it was evaluating potential alternatives and was willing to consider pursuing potential transactions.
- Business Wire
Rand Capital’s (NASDAQ:RAND) First Quarter 2019 Financial Results Support User-Friendly Phone Book LLC's Concerns Regarding East Transaction
User-Friendly Continues to Urge a Vote AGAINST East Asset Management Transaction
- Business Wire
Rand Capital Announces First Quarter 2019 Results
BUFFALO, N.Y.-- -- eHealth Global Technologies, Inc. repaid $3.5 million loan Invested $650,012 in two follow-on transactions during the first quarter Net Asset Value per share grew to $5.06 at March 31, 2019, up $0.07 in the first quarter driven by net investment appreciation Shareholder meeting scheduled for proposed transformational investment of $25 million by East Asset Management; Rand Board ...
- Business Wire
User-Friendly Phone Book, LLC Responds to Rand Capital’s (NASDAQ:RAND) April 29, 2019 Investor Presentation
On April 29, 2019, Rand Capital Corporation , announced that it has filed an updated investor presentation which includes a response to User-Friendly Phone Book, LLC’s belief that Rand shareholders would receive an approximately 66% greater return than that offered by the East Asset Management, LLC transaction simply from liquidating Rand’s portfolio.
- Business Wire
User-Friendly Phone Book, LLC Mails Letter to Stockholders of Rand Capital Corporation Announcing Intention to Deliver Proxy Materials That Will Urge Stockholders to Vote Against the Proposed Transaction with East Asset Management, LLC
User-Friendly Phone Book, LLC (“User-Friendly”), the largest stockholder of Rand Capital Corporation (the “Company” or “Rand”) (RAND), announced today that it has sent a letter to the stockholders of Rand notifying them that User-Friendly plans on filing with the Securities and Exchange Commission, and delivering to stockholders, its own proxy materials, which will detail User-Friendly’s reasons for voting against all of the proposals to be voted upon at the special meeting of stockholders of Rand, scheduled for May 16, 2019.
- Business Wire
Rand Capital Announces First Quarter 2019 Financial Results Conference Call and Webcast
Rand Capital Corporation , a business development corporation, announced today that it will release its first quarter 2019 financial results before the opening of financial markets on Thursday, May 2, 2019.
- Business Wire
Rand Capital Files Definitive Proxy Statement and Responds to Public Letter from Shareholder
Rand Capital Corporation (RAND) (“Rand” or “Rand Capital”), a business development company, today filed its definitive proxy statement with the Securities and Exchange Commission and recommends to its shareholders to vote “FOR” all five proposals set forth in the proxy statement. Rand also announced today that its special meeting of shareholders to seek approval of the five proposals set forth in the proxy statement will be held on May 16, 2019.
- Business Wire
User-Friendly Phone Book, LLC Reiterates Its Opposition to the Proposed Transaction Between Rand Capital Corporation (NASDAQ:RAND) and East Asset Management, LLC
User-Friendly Phone Book, LLC (“User-Friendly”), the largest stockholder of Rand Capital Corporation (the “Company” or “Rand”) (RAND), announced today that it continues to oppose the proposed transaction between Rand and East Asset Management, LLC (“East”) that was announced on January 25, 2019. In a letter to the Company’s Board of Directors on March 27, 2019, User-Friendly detailed the reasons for its opposition, which are highlighted below. To date, User-Friendly has not received a response to its letter from the Board of Directors.