44,408 Shares in Runway Growth Finance Corp. (NASDAQ:RWAY) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,408 shares of the company's stock, valued at approximately $487,000. Aquatic Capital Management LLC owned about 0.12% of Runway Growth Finance at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Atria Wealth Solutions Inc. boosted its position in Runway Growth Finance by 53.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company's stock valued at $820,000 after purchasing an additional 26,093 shares during the last quarter. HTLF Bank boosted its holdings in shares of Runway Growth Finance by 135.7% in the 4th quarter. HTLF Bank now owns 88,720 shares of the company's stock valued at $972,000 after buying an additional 51,071 shares during the last quarter. Round Rock Advisors LLC bought a new position in shares of Runway Growth Finance in the fourth quarter valued at $386,000. Franklin Resources Inc. acquired a new position in Runway Growth Finance during the fourth quarter worth $2,261,000. Finally, Confluence Investment Management LLC bought a new stake in Runway Growth Finance during the fourth quarter worth $916,000. Institutional investors own 64.61% of the company's stock.

Runway Growth Finance Stock Performance

Shares of NASDAQ:RWAY traded up $0.09 during trading on Tuesday, reaching $9.15. 312,045 shares of the stock were exchanged, compared to its average volume of 336,200. Runway Growth Finance Corp. has a 12 month low of $8.35 and a 12 month high of $13.50. The stock has a 50-day moving average price of $10.01 and a 200-day moving average price of $10.56. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm has a market cap of $341.73 million, a PE ratio of 8.80 and a beta of 0.63.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $36.10 million. Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%. Research analysts expect that Runway Growth Finance Corp. will post 1.67 EPS for the current fiscal year.

Runway Growth Finance Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Compass Point lifted their price target on Runway Growth Finance from $11.50 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Wells Fargo & Company lowered their price target on Runway Growth Finance from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group cut their price objective on Runway Growth Finance from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.08.

Runway Growth Finance 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.