Marshall Wace LLP Purchases Shares of 166,745 Runway Growth Finance Corp. (NASDAQ:RWAY)

Marshall Wace LLP acquired a new stake in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 166,745 shares of the company's stock, valued at approximately $1,828,000. Marshall Wace LLP owned approximately 0.45% of Runway Growth Finance at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RWAY. Franklin Resources Inc. acquired a new position in shares of Runway Growth Finance in the fourth quarter valued at about $2,261,000. Trexquant Investment LP boosted its stake in shares of Runway Growth Finance by 107.4% in the fourth quarter. Trexquant Investment LP now owns 129,377 shares of the company's stock valued at $1,418,000 after buying an additional 67,010 shares during the period. HTLF Bank grew its position in Runway Growth Finance by 135.7% during the fourth quarter. HTLF Bank now owns 88,720 shares of the company's stock worth $972,000 after buying an additional 51,071 shares in the last quarter. Confluence Investment Management LLC bought a new position in Runway Growth Finance during the 4th quarter worth $916,000. Finally, Atria Wealth Solutions Inc. raised its holdings in Runway Growth Finance by 53.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company's stock valued at $820,000 after acquiring an additional 26,093 shares in the last quarter. Institutional investors own 64.61% of the company's stock.

Runway Growth Finance Price Performance

NASDAQ:RWAY traded up $0.14 on Friday, hitting $9.22. The company had a trading volume of 87,655 shares, compared to its average volume of 323,471. The firm has a 50 day moving average of $10.10 and a two-hundred day moving average of $10.58. The stock has a market capitalization of $344.34 million, a price-to-earnings ratio of 8.87 and a beta of 0.61. Runway Growth Finance Corp. has a 52 week low of $8.35 and a 52 week high of $13.50. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $33.78 million for the quarter, compared to analyst estimates of $36.10 million. Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%. On average, research analysts anticipate that Runway Growth Finance Corp. will post 1.67 earnings per share for the current year.

Runway Growth Finance Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a yield of 15.1%. Runway Growth Finance's dividend payout ratio is presently 69.11%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company cut their price target on shares of Runway Growth Finance from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Monday. Compass Point lifted their price objective on shares of Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Finally, UBS Group cut their target price on Runway Growth Finance from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Runway Growth Finance currently has an average rating of "Moderate Buy" and an average price target of $11.08.

Runway Growth Finance Company Profile

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.