Rand Capital Corp (RAND) Reports Q1 EPS of $0.39
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Rand Capital Reports 65% Increase in Total Investment Income for First Quarter 2023
May 9, 2023 7:00 AM EDTTotal investment income increased 65% to $1.85 million for the quarter compared with the first quarter last year driven by strong growth in interest, dividend and fee income First quarter net investment income per share was $0.28 compared with $0.30 in the prior-year first quarter; Non-GAAP adjusted net investment income per share increased 86% to $0.39 compared with $0.21 in the first quarter of 2022 Net asset value per share (NAV) increased 3% to $23.00 at March 31, 2023 from $22.36 at December 31, 2022 Invested $5.6 million in new and follow on investments during the first quarter 2023 while receiving $0.5 million from portfolio... More
