847,662 Shares in Runway Growth Finance Corp. (NASDAQ:RWAY) Acquired by CF Capital LLC

CF Capital LLC purchased a new stake in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 847,662 shares of the company's stock, valued at approximately $9,290,000. Runway Growth Finance makes up 10.0% of CF Capital LLC's holdings, making the stock its largest holding. CF Capital LLC owned 2.27% of Runway Growth Finance at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Runway Growth Finance in the 4th quarter valued at $30,000. Perigon Wealth Management LLC acquired a new position in shares of Runway Growth Finance in the 4th quarter valued at $114,000. Wells Fargo & Company MN boosted its holdings in Runway Growth Finance by 920.3% during the fourth quarter. Wells Fargo & Company MN now owns 17,356 shares of the company's stock worth $190,000 after buying an additional 15,655 shares in the last quarter. Jump Financial LLC grew its position in Runway Growth Finance by 76.7% during the fourth quarter. Jump Financial LLC now owns 19,744 shares of the company's stock valued at $216,000 after buying an additional 8,572 shares during the period. Finally, Norden Group LLC grew its position in Runway Growth Finance by 42.1% during the fourth quarter. Norden Group LLC now owns 20,208 shares of the company's stock valued at $221,000 after buying an additional 5,989 shares during the period. Hedge funds and other institutional investors own 64.61% of the company's stock.

Analysts Set New Price Targets

RWAY has been the subject of a number of analyst reports. Compass Point upped 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. JPMorgan Chase & Co. cut 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, April 24th. UBS Group decreased their price target 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. Finally, Wells Fargo & Company dropped their price target on Runway Growth Finance from $12.00 to $10.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.08.

Runway Growth Finance Trading Down 1.9 %

RWAY stock traded down $0.17 during trading on Wednesday, reaching $8.98. 259,635 shares of the stock were exchanged, compared to its average volume of 335,315. The business has a 50 day moving average price of $9.96 and a 200-day moving average price of $10.55. Runway Growth Finance Corp. has a 1 year low of $8.35 and a 1 year high of $12.57. 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 capitalization of $335.38 million, a price-to-earnings ratio of 8.63 and a beta of 0.63.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last issued 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 company had revenue of $33.78 million during the quarter, compared to analysts' expectations 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 predict that Runway Growth Finance Corp. will post 1.67 earnings per share for the current year.

Runway Growth Finance Dividend Announcement

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

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.