RAND on Nasdaq

RAND CAPITAL CORP

American company, incorporated in New York, listed on Nasdaq (RAND). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerRAND on Nasdaq1
  • HeadquartersBuffalo, New York1
  • Incorporated inNY2
  • Business address1405 Rand Building, Buffalo, Ny 142032
  • Filer categoryNon-accelerated filer2

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Rand Capital Corporation (“Rand”, the “Corporation”, “we”, “us” and “our”) was incorporated under the laws of New York in February 1969. We completed our initial public offering in 1971 and operated as an internally managed, closed-end, management investment company from that time until November 2019.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income456-$8.0M in 2025
-$10.0M0$10.0M$20.0M2021: $15.8M$15.8M20212022: -$881.8K-$881.8K20222023: $6.5M$6.5M20232024: $8.8M$8.8M2024+35%2025: -$8.0M-$8.0M2025
Fiscal year2020202120222023202420252026
Operating expenses$6.7M4$1.1M5$4.2M6$4.8M6$1.2M6
Income before tax$3.7M4$3.5M4
Income tax$10.9K4$215.5K4$192.1K4
Net income$15.8M4-$881.8K5$6.5M6$8.8M6-$8.0M6
Earnings per share$6.124-$0.345$2.536$3.426-$2.736
Earnings per share (diluted)$6.124-$0.345$2.536$3.426-$2.736
Shares (weighted, basic)2.6M shares42.6M shares52.6M shares62.6M shares62.9M shares6
Shares (weighted, diluted)2.6M shares42.6M shares52.6M shares62.6M shares62.9M shares6

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Leadership

Who has led RAND CAPITAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Allen F. Grum2009–2021
  2. Daniel P. Penberthy2022–2023

President

  1. Allen F. Grum2004–2015
  2. Daniel P. Penberthy2022–2023

Chief financial officer

  1. Daniel P. Penberthy2016–2021
  2. Margaret Brechtel2021
20052010201520202025
Board members and other officers (15)

Timeline

  1. Jun 8, 2022New chief executive Daniel P. Penberthy becomes CEO9
  2. Aug 13, 2009New chief executive Allen F. Grum becomes CEO10

Filings

127 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 30 major events, 40 insider forms, 36 other. The latest 20:

  1. Sep 16, 202640-17F2 EDGAR
  2. Aug 5, 20268-K EDGAR
  3. Aug 5, 202610-Q EDGAR
  4. Jul 31, 202640-17G EDGAR
  5. May 6, 20268-K EDGAR
  6. May 6, 202610-Q EDGAR
  7. Apr 23, 20268-K EDGAR
  8. Mar 31, 202610-K/A EDGAR
  9. Mar 13, 2026ARS EDGAR
  10. Mar 13, 2026DEF 14A EDGAR
  11. Mar 12, 202640-17F2 EDGAR
  12. Mar 5, 20268-K EDGAR
  13. Mar 5, 202610-K EDGAR
  14. Nov 14, 2025APP ORDR EDGAR
  15. Nov 7, 20258-K EDGAR
  16. Nov 7, 202510-Q EDGAR
  17. Oct 27, 202540-17F2 EDGAR
  18. Sep 16, 2025APP NTC EDGAR
  19. Sep 16, 20254 EDGAR
  20. Sep 11, 20258-K EDGAR

The 127 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

66 open-market trades by officers, directors and large owners since October 2021: 66 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2025Gusky Adam SamuelDirectorBuy1,030$14.80$15.2KForm 4
May 28, 2025Gusky Adam SamuelDirectorBuy12$16.00$192Form 4
May 27, 2025Gusky Adam SamuelDirectorBuy200$15.75$3.1KForm 4
Nov 21, 2024Gusky Adam SamuelDirectorBuy200$16.10$3.2KForm 4
Nov 20, 2024Gusky Adam SamuelDirectorBuy175$16.12$2.8KForm 4
Mar 12, 2024Godley Benjamin EDirectorBuy1,965$13.95$27.4KForm 4
Mar 7, 2024Godley Benjamin EDirectorBuy183$13.99$2.6KForm 4
Mar 6, 2024Godley Benjamin EDirectorBuy852$13.95$11.9KForm 4
Aug 17, 2023Godley Benjamin EDirectorBuy100$13.15$1.3KForm 4
Aug 16, 2023Godley Benjamin EDirectorBuy1,900$12.98$24.7KForm 4
Aug 16, 2023Gusky Adam SamuelDirectorBuy1,814$12.96$23.5KForm 4
Aug 15, 2023Gusky Adam SamuelDirectorBuy1,000$13.10$13.1KForm 4
Jun 13, 2023Jaroslawsky Cari LDirectorBuy45$13.25$596Form 4
Jun 7, 2023Jaroslawsky Cari LDirectorBuy415$13.25$5.5KForm 4
Jun 6, 2023Jaroslawsky Cari LDirectorBuy5$13.25$66Form 4
Jun 5, 2023Gusky Adam SamuelDirectorBuy1$13.20$13Form 4
Jun 2, 2023Gusky Adam SamuelDirectorBuy120$12.99$1.6KForm 4
Jun 1, 2023Gusky Adam SamuelDirectorBuy6$12.80$77Form 4
May 30, 2023Gusky Adam SamuelDirectorBuy137$13.05$1.8KForm 4
May 26, 2023Gusky Adam SamuelDirectorBuy3$13.05$39Form 4

All 66 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Courier Capital LLC15,382$156.9K0.0%No change
Shufro Rose & Co LLC14,000$142.8K0.0%No change
WNY Asset Management, LLC13,250$135.2K0.0%New
UBS Group AG2,242$22.9K0.0%New
Osaic Holdings, Inc.2,237$22.8K0.0%+1,490
Bullock Wealth Management Group642$6.6K0.0%New
Morgan Stanley1$180.0%No change
Wells Fargo & Company/mn1$70.0%+1

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 4, 2020Scott H. PetersDemocratic, HouseSale$1,001 - $15,000+142.4%Report
Aug 3, 2020Scott H. PetersDemocratic, HousePartial sale$1,001 - $15,000+143.1%Report
Jul 31, 2020Scott H. PetersDemocratic, HousePartial sale$1,001 - $15,000+145.7%Report
Jul 30, 2020Scott H. PetersDemocratic, HousePartial sale$1,001 - $15,000+147.5%Report
Jul 29, 2020Scott H. PetersDemocratic, HousePartial sale$1,001 - $15,000+146.7%Report
Jul 28, 2020Scott H. PetersDemocratic, HousePartial sale$1,001 - $15,000+149.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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