MGO One Seven LLC Has $437,000 Stake in Runway Growth Finance Corp. (NASDAQ:RWAY)

MGO One Seven LLC cut its holdings in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 93.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,834 shares of the company's stock after selling 552,227 shares during the quarter. MGO One Seven LLC owned about 0.11% of Runway Growth Finance worth $437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RWAY. Perigon Wealth Management LLC acquired a new stake in shares of Runway Growth Finance during the fourth quarter worth $114,000. Wells Fargo & Company MN raised its holdings in 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 buying an additional 15,655 shares during the period. Jump Financial LLC raised its holdings in Runway Growth Finance by 76.7% during the 4th quarter. Jump Financial LLC now owns 19,744 shares of the company's stock worth $216,000 after buying an additional 8,572 shares during the period. Norden Group LLC lifted its stake 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 in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Runway Growth Finance in the fourth quarter worth about $275,000. 64.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Runway Growth Finance from $12.00 to $10.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their target price on Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Compass Point raised their target price on Runway Growth Finance from $11.50 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, UBS Group dropped their price target on Runway Growth Finance from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.08.

Runway Growth Finance Stock Up 1.4 %

Shares of NASDAQ:RWAY traded up $0.13 during trading on Friday, reaching $9.21. 325,044 shares of the company traded hands, compared to its average volume of 335,866. Runway Growth Finance Corp. has a 1-year low of $8.35 and a 1-year high of $13.50. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm has a market cap of $343.97 million, a P/E ratio of 8.86 and a beta of 0.61. The firm has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $10.57.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%. The firm had revenue of $33.78 million during the quarter, compared to analysts' expectations of $36.10 million. Analysts anticipate that Runway Growth Finance Corp. will post 1.67 earnings per share for the current fiscal year.

Runway Growth Finance Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.03 dividend. This represents a yield of 15.1%. The ex-dividend date was Monday, March 31st. Runway Growth Finance's dividend payout ratio is 69.11%.

About Runway Growth Finance

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.