Shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.70.
A number of equities analysts recently commented on the stock. UBS Group dropped their price objective on shares of Runway Growth Finance from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $9.50 price target (down from $10.00) on shares of Runway Growth Finance in a research report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price target on 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. B. Riley raised Runway Growth Finance to a "strong-buy" rating in a report on Monday. Finally, Compass Point upped their target price on Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st.
View Our Latest Report on RWAY
Runway Growth Finance Stock Performance
NASDAQ RWAY opened at $10.16 on Wednesday. The firm has a market capitalization of $379.48 million, a P/E ratio of 6.12 and a beta of 0.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.98. The firm's fifty day moving average price is $9.53 and its two-hundred day moving average price is $10.44. Runway Growth Finance has a 1 year low of $8.35 and a 1 year high of $12.09.
Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 11.95% and a net margin of 45.30%. As a group, research analysts anticipate that Runway Growth Finance will post 1.67 EPS for the current year.
Runway Growth Finance Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date was Monday, May 19th. Runway Growth Finance's dividend payout ratio is presently 79.52%.
Hedge Funds Weigh In On Runway Growth Finance
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Runway Growth Finance in the 4th quarter valued at $30,000. Canton Hathaway LLC bought a new stake in Runway Growth Finance in the first quarter valued at $63,000. PharVision Advisers LLC acquired a new position in shares of Runway Growth Finance during the fourth quarter valued at about $113,000. Cetera Investment Advisers acquired a new position in shares of Runway Growth Finance during the fourth quarter valued at about $114,000. Finally, State of Wyoming bought a new position in shares of Runway Growth Finance during the 4th quarter worth about $116,000. Institutional investors and hedge funds own 64.61% of the company's stock.
About Runway Growth Finance
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Get Free ReportRunway 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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