Alpine Global Management LLC Has $10.09 Million Holdings in Runway Growth Finance Corp. (NASDAQ:RWAY)

Alpine Global Management LLC grew its position in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 76.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920,874 shares of the company's stock after purchasing an additional 398,547 shares during the period. Runway Growth Finance makes up approximately 2.4% of Alpine Global Management LLC's holdings, making the stock its 7th largest holding. Alpine Global Management LLC owned approximately 2.47% of Runway Growth Finance worth $10,093,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in Runway Growth Finance during the fourth quarter worth approximately $114,000. Wells Fargo & Company MN boosted its position in Runway Growth Finance by 920.3% during the 4th quarter. Wells Fargo & Company MN now owns 17,356 shares of the company's stock worth $190,000 after purchasing an additional 15,655 shares during the period. Jump Financial LLC increased its holdings in Runway Growth Finance by 76.7% in the 4th quarter. Jump Financial LLC now owns 19,744 shares of the company's stock valued at $216,000 after purchasing an additional 8,572 shares in the last quarter. Norden Group LLC raised its position in Runway Growth Finance by 42.1% in the fourth quarter. Norden Group LLC now owns 20,208 shares of the company's stock valued at $221,000 after purchasing an additional 5,989 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Runway Growth Finance during the fourth quarter worth about $275,000. Hedge funds and other institutional investors own 64.61% of the company's stock.

Runway Growth Finance Stock Down 0.3 %

NASDAQ RWAY traded down $0.03 during trading hours on Friday, reaching $9.25. 196,048 shares of the company traded hands, compared to its average volume of 335,682. The stock has a market capitalization of $345.46 million, a PE ratio of 8.89 and a beta of 0.61. 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 Corp. has a 12 month low of $8.35 and a 12 month high of $13.50. The company has a 50 day moving average of $10.29 and a two-hundred day moving average of $10.62.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.39 earnings per share (EPS) 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%. As a group, equities analysts expect 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. Shareholders of record on Monday, March 31st were paid a dividend of $0.03 per share. The ex-dividend date was Monday, March 31st. This represents a yield of 15.1%. Runway Growth Finance's payout ratio is 69.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RWAY shares. Compass Point raised their target price on Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. UBS Group dropped their price objective on shares of Runway Growth Finance from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on shares of Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $11.42.

About Runway Growth Finance

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.