No insider purchase over the last 90 days. The latest was filed 16 Sept 2025.
Rand Capital Corp belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). The past year has been quiet: not a single insider filing for Rand Capital Corp. The previous disclosure was published on 16 September 2025.
These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2025 · cache
25 of 37 declarations
Rand Capital Corp. (NASDAQ: RAND) is a U.S.-based specialty finance company structured as an externally managed business development company (BDC). Headquartered in Buffalo, New York, and incorporated under New York law in February 1969, the company has a long operating history that predates its current BDC format. It completed its initial public offering in 1971 and, over time, evolved into a focused provider of capital for privately held lower middle market businesses. For European investors, Rand is best understood as a small-cap U.S. listed credit-and-equity investment platform rather than a traditional operating company. Its listing on NASDAQ places it squarely in the United States public equity market.
Rand’s core business is to generate total return for shareholders through a mix of current income and capital appreciation. The company primarily invests in privately held businesses through debt instruments and related equity positions, allowing it to earn recurring interest income while retaining upside participation in selected portfolio companies. Management states that it targets companies with experienced leadership teams across a broad range of industries. As of year-end 2025, Rand reported a portfolio mix that was approximately 80% debt and 20% equity, reinforcing its role as an income-oriented investor with embedded equity optionality.
The company’s roots go back to its founding by George Rand and Don Ross, who launched the business in 1969 with the mission of investing in and assisting entrepreneurs. That entrepreneurial heritage still shapes the firm’s positioning today: Rand aims to build long-term, value-added relationships with portfolio companies, sponsors and lending partners. Its investment activity is mainly concentrated in the United States, with exposure spread across the East, South and West regions.
Rand’s portfolio spans several industries, including professional services, consumer products and distribution. This diversification helps reduce concentration risk, although the company remains exposed to the credit quality and operating performance of small private businesses. Recent developments have been active. In its first fiscal quarter of 2026, Rand reported a larger portfolio fair value versus year-end 2025, a new investment in AME Holdco LLC, additional funding for FSS, and the exit of Seybert’s Billiards with a realized gain. The company also highlighted continuing portfolio management discipline, a renewed share repurchase authorization, and the use of its revolving credit facility on a limited basis. Overall, Rand Capital is a niche U.S. finance stock offering investors a combination of private credit exposure, selective equity upside, and a long-standing track record in lower middle market investing.