Free Trial

Runway Growth Finance Corp. (NASDAQ:RWAY) Given Average Recommendation of "Moderate Buy" by Analysts

Runway Growth Finance logo with Finance background

Key Points

  • Runway Growth Finance Corp. has received a consensus rating of "Moderate Buy" from six analysts, with an average price target of $11.00 for the next year.
  • The company's recent earnings report showed earnings per share of $0.38, slightly missing the expected $0.39, while revenue exceeded expectations at $35.15 million.
  • Runway Growth Finance recently declared a $0.36 dividend, significantly increasing from the previous $0.03, indicating a yield of 1,200.0% with a dividend payout ratio of 69.47%.
  • Looking to export and analyze Runway Growth Finance data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Runway Growth Finance Corp. (NASDAQ:RWAY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.00.

Several equities analysts have issued reports on RWAY shares. UBS Group reaffirmed a "buy" rating and set a $12.50 price objective (up from $11.50) on shares of Runway Growth Finance in a report on Wednesday, July 16th. JPMorgan Chase & Co. cut their price objective on shares of Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. B. Riley raised their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company restated an "equal weight" rating and set a $9.50 price objective (down from $10.00) on shares of Runway Growth Finance in a research report on Wednesday, May 28th. Finally, LADENBURG THALM/SH SH upgraded shares of Runway Growth Finance to a "hold" rating in a research report on Monday.

Check Out Our Latest Stock Analysis on Runway Growth Finance

Hedge Funds Weigh In On Runway Growth Finance

Institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Runway Growth Finance in the 1st quarter worth approximately $4,551,000. Bank of America Corp DE acquired a new stake in Runway Growth Finance in the 4th quarter worth approximately $679,000. Two Sigma Investments LP lifted its holdings in Runway Growth Finance by 10.8% in the 4th quarter. Two Sigma Investments LP now owns 268,306 shares of the company's stock worth $2,941,000 after purchasing an additional 26,072 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Runway Growth Finance in the 4th quarter worth approximately $729,000. Finally, Jane Street Group LLC acquired a new position in shares of Runway Growth Finance during the fourth quarter worth approximately $1,205,000. Hedge funds and other institutional investors own 64.61% of the company's stock.

Runway Growth Finance Trading Up 1.3%

Shares of Runway Growth Finance stock opened at $11.10 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.03. Runway Growth Finance has a 12-month low of $8.35 and a 12-month high of $11.73. The firm has a market capitalization of $402.04 million, a price-to-earnings ratio of 5.84 and a beta of 0.70. The firm's 50 day simple moving average is $10.65 and its two-hundred day simple moving average is $10.42.

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

Runway Growth Finance Increases Dividend

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

Runway Growth Finance Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Runway Growth Finance (NASDAQ:RWAY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Runway Growth Finance Right Now?

Before you consider Runway Growth Finance, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Runway Growth Finance wasn't on the list.

While Runway Growth Finance currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines