Evanson Financial LLC Invests $844,000 in Runway Growth Finance Corp. $RWAY

Key Points

• Evanson Financial acquired 150,467 shares of Runway Growth Finance, valued at approximately $844,000 and representing about 0.35% of the company. Institutional investors collectively own 64.61% of RWAY.
• Runway Growth Finance reported stronger-than-expected quarterly results, with EPS of $0.43 versus the $0.29 consensus and revenue of $37.03 million versus estimates of $31.06 million.
• The company declared a quarterly dividend of $0.33 per share, or $1.32 annualized; however, analysts remain cautious, with a consensus “Reduce” rating and an $8.20 price target.

Evanson Financial LLC acquired a new stake in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 150,467 shares of the company's stock, valued at approximately $844,000. Evanson Financial LLC owned about 0.35% of Runway Growth Finance at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RWAY. North Ground Capital increased its position in Runway Growth Finance by 102.5% during the 4th quarter. North Ground Capital now owns 1,569,050 shares of the company's stock valued at $14,012,000 after buying an additional 794,050 shares in the last quarter. UBS Group AG boosted its holdings in Runway Growth Finance by 57.0% in the fourth quarter. UBS Group AG now owns 638,503 shares of the company's stock worth $5,702,000 after acquiring an additional 231,744 shares in the last quarter. SBE LLC DBA Cedar Cove Wealth Partners acquired a new stake in Runway Growth Finance in the fourth quarter worth about $1,693,000. Marshall Wace LLP grew its stake in shares of Runway Growth Finance by 52.6% during the fourth quarter. Marshall Wace LLP now owns 509,225 shares of the company's stock worth $4,547,000 after acquiring an additional 175,468 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Runway Growth Finance by 10.3% during the first quarter. Sound Income Strategies LLC now owns 1,843,232 shares of the company's stock worth $12,534,000 after acquiring an additional 171,872 shares during the last quarter. Institutional investors and hedge funds own 64.61% of the company's stock.

Runway Growth Finance Stock Up 14.4%

Runway Growth Finance stock opened at $6.84 on Friday. The business's 50-day simple moving average is $5.68 and its two-hundred day simple moving average is $6.83. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $290.49 million, a PE ratio of 62.19 and a beta of 0.66. Runway Growth Finance Corp. has a fifty-two week low of $5.19 and a fifty-two week high of $11.20.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.14. Runway Growth Finance had a return on equity of 11.93% and a net margin of 5.82%.The firm had revenue of $37.03 million during the quarter, compared to analysts' expectations of $31.06 million. Equities analysts anticipate that Runway Growth Finance Corp. will post 1.22 EPS for the current year.

Runway Growth Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 19.3%. The ex-dividend date is Monday, August 17th. Runway Growth Finance's dividend payout ratio is -1,466.67%.

Key Runway Growth Finance News

Here are the key news stories impacting Runway Growth Finance this week:

• Positive Sentiment: BC Partners to buy up to 10% of the company: Runway outlined purchases of as much as 10% of its shares over two years while the stock trades below 70% of net asset value. The potential buying could provide price support and signals confidence in the company’s valuation. BC Partners purchase plan
• Positive Sentiment: Second-quarter results exceeded expectations: RWAY reported earnings of $0.43 per share versus the $0.29 analyst consensus, while revenue reached $37.03 million compared with estimates of $31.06 million. Earnings also increased from $0.38 per share a year earlier, although the company continued to report a negative net margin. Second-quarter 2026 results
• Positive Sentiment: High dividend remains attractive to income investors: The company declared a quarterly dividend of $0.33 per share, payable August 31 to shareholders of record August 17. The indicated annualized yield is approximately 22.1%, though investors will continue to monitor whether earnings and portfolio performance can sustain that payout. RWAY dividend announcement
• Neutral Sentiment: Leadership expanded: Runway Growth Capital appointed Michael Rovner as co-chief executive officer and co-chief investment officer alongside founder David Spreng. Rovner brings more than 30 years of experience in growth lending, private credit, and technology, potentially strengthening investment and operating leadership, but the immediate financial impact is uncertain. Michael Rovner appointment

Wall Street Analysts Forecast Growth

RWAY has been the topic of several recent analyst reports. Bank of America downgraded shares of Runway Growth Finance from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $9.00 to $5.50 in a report on Monday, June 15th. Wells Fargo & Company dropped their target price on shares of Runway Growth Finance to $6.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of Runway Growth Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, June 16th. Zacks Research lowered shares of Runway Growth Finance from a "hold" rating to a "strong sell" rating in a research note on Friday, July 10th. Finally, Wall Street Zen raised shares of Runway Growth Finance from a "sell" rating to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Runway Growth Finance has a consensus rating of "Reduce" and a consensus target price of $8.20.

About Runway Growth Finance

Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second‐lien financings, convertible notes and equity co‐investments designed to extend the cash runway for late‐stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation‐driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager.

Want to see what other hedge funds are holding RWAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source