Jane Street Group LLC Makes New Investment in Runway Growth Finance Corp. (NASDAQ:RWAY)

Jane Street Group LLC acquired a new stake in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 109,932 shares of the company's stock, valued at approximately $1,205,000. Jane Street Group LLC owned approximately 0.29% of Runway Growth Finance as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alpine Global Management LLC grew its holdings in Runway Growth Finance by 76.3% during the 4th quarter. Alpine Global Management LLC now owns 920,874 shares of the company's stock worth $10,093,000 after acquiring an additional 398,547 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Runway Growth Finance during the fourth quarter worth $2,261,000. Marshall Wace LLP bought a new stake in shares of Runway Growth Finance in the fourth quarter worth $1,828,000. Trexquant Investment LP increased its holdings in 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 purchasing an additional 67,010 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Runway Growth Finance during the 4th quarter worth $734,000. Institutional investors own 64.61% of the company's stock.

Runway Growth Finance Trading Up 0.9%

RWAY stock traded up $0.09 during mid-day trading on Monday, reaching $9.69. The company's stock had a trading volume of 242,810 shares, compared to its average volume of 316,256. Runway Growth Finance Corp. has a 12 month low of $8.35 and a 12 month high of $12.17. 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 business's 50 day moving average price is $9.57 and its 200 day moving average price is $10.49. The company has a market cap of $361.89 million, a price-to-earnings ratio of 9.32 and a beta of 0.63.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $35.40 million for the quarter, compared to the consensus estimate of $33.83 million. Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%. On average, equities research analysts predict that Runway Growth Finance Corp. will post 1.67 EPS for the current year.

Runway Growth Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.62%. Runway Growth Finance's dividend payout ratio (DPR) is presently 79.52%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RWAY. JPMorgan Chase & Co. decreased their price target on 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 target price on shares of 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. Wells Fargo & Company lowered 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, April 28th. Finally, Compass Point upped 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Runway Growth Finance currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.80.

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.