Two Sigma Investments LP Has $2.94 Million Stake in Runway Growth Finance Corp. (NASDAQ:RWAY)

Two Sigma Investments LP increased its position in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,306 shares of the company's stock after acquiring an additional 26,072 shares during the quarter. Two Sigma Investments LP owned about 0.72% of Runway Growth Finance worth $2,941,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RWAY. Quarry LP bought a new position in shares of Runway Growth Finance during the 4th quarter worth about $30,000. Perigon Wealth Management LLC bought a new position in shares of Runway Growth Finance during the 4th quarter worth about $114,000. Cetera Investment Advisers bought a new position in shares of Runway Growth Finance during the 4th quarter worth about $114,000. State of Wyoming bought a new position in shares of Runway Growth Finance during the 4th quarter worth about $116,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Runway Growth Finance by 920.3% during the 4th quarter. Wells Fargo & Company MN now owns 17,356 shares of the company's stock worth $190,000 after purchasing an additional 15,655 shares during the period. Institutional investors own 64.61% of the company's stock.

Analyst Upgrades and Downgrades

RWAY has been the topic of several research reports. Wells Fargo & Company restated an "equal weight" rating and set a $9.50 price objective (down previously from $10.00) on shares of Runway Growth Finance in a report on Wednesday, May 28th. UBS Group dropped their price objective on shares of Runway Growth Finance from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on shares of Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Compass Point lifted their target price on shares of Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.70.

Runway Growth Finance Price Performance

Shares of Runway Growth Finance stock traded down $0.02 during trading on Wednesday, hitting $9.68. 213,512 shares of the company's stock traded hands, compared to its average volume of 317,819. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. The firm's fifty day moving average price is $9.45 and its 200 day moving average price is $10.45. Runway Growth Finance Corp. has a twelve month low of $8.35 and a twelve month high of $12.17. The company has a market cap of $361.52 million, a PE ratio of 9.31 and a beta of 0.63.

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

Runway Growth Finance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 13.64%. Runway Growth Finance's dividend payout ratio (DPR) is presently 79.52%.

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.