30,909 Shares in Runway Growth Finance Corp. $RWAY Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 30,909 shares of Runway Growth Finance Corp. (NASDAQ:RWAY) valued at approximately $320,000, representing about 0.08% ownership of the company at the end of the latest reporting period.
• Runway Growth Finance recently declared a dividend of $0.36, significantly increasing from its previous $0.03 dividend, providing a remarkable dividend yield of 1,200%.
• Analysts have mixed ratings on the stock, with a consensus price target of $11.00 and three analysts rating it as a Buy while three issued a Hold rating.

Quantbot Technologies LP acquired a new position in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 30,909 shares of the company's stock, valued at approximately $320,000. Quantbot Technologies LP owned about 0.08% of Runway Growth Finance at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Runway Growth Finance by 2.7% during the 1st quarter. HighTower Advisors LLC now owns 1,245,645 shares of the company's stock valued at $12,892,000 after acquiring an additional 33,268 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Runway Growth Finance during the 1st quarter valued at $218,000. Townsquare Capital LLC raised its position in shares of Runway Growth Finance by 17.3% during the 1st quarter. Townsquare Capital LLC now owns 76,108 shares of the company's stock valued at $788,000 after acquiring an additional 11,235 shares during the last quarter. Norden Group LLC raised its position in shares of Runway Growth Finance by 50.7% during the 1st quarter. Norden Group LLC now owns 30,453 shares of the company's stock valued at $315,000 after acquiring an additional 10,245 shares during the last quarter. Finally, Allium Financial Advisors LLC bought a new stake in shares of Runway Growth Finance during the 1st quarter valued at $10,568,000. Institutional investors own 64.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company reiterated an "equal weight" rating and set a $9.50 target price (down previously from $10.00) on shares of Runway Growth Finance in a research report on Wednesday, May 28th. LADENBURG THALM/SH SH upgraded shares of Runway Growth Finance to a "hold" rating in a research report on Monday, August 11th. UBS Group reiterated a "buy" rating and set a $12.50 target price (up previously from $11.50) on shares of Runway Growth Finance in a research report on Wednesday, July 16th. Finally, B. Riley upped their target price on shares of Runway Growth Finance from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $11.00.

Runway Growth Finance Price Performance

Shares of RWAY stock opened at $10.65 on Wednesday. Runway Growth Finance Corp. has a 12-month low of $8.35 and a 12-month high of $11.73. The firm has a market capitalization of $385.71 million, a price-to-earnings ratio of 5.61 and a beta of 0.70. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.03. The firm has a fifty day moving average of $10.80 and a 200-day moving average of $10.37.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Runway Growth Finance had a net margin of 51.03% and a return on equity of 11.86%. The firm had revenue of $35.15 million during the quarter, compared to analyst estimates of $34.27 million. On average, equities research analysts forecast that Runway Growth Finance Corp. will post 1.67 earnings per share for the current year.

Runway Growth Finance Increases Dividend

The company also recently declared a -- dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a $0.36 dividend. This is a positive change from Runway Growth Finance's previous -- dividend of $0.03. The ex-dividend date of this dividend is Monday, August 18th. This represents a dividend yield of 1,200.0%. Runway Growth Finance's dividend payout ratio (DPR) is presently 69.47%.

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.

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