Runway Growth Finance (NASDAQ:RWAY) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Runway Growth Finance has been assigned a "hold (C)" rating by Weiss Ratings, maintaining an average rating of "Hold" among analysts.
• UBS Group has increased its price target for the stock from $11.50 to $12.50, while other analysts have mixed ratings and targets between $10.00 and $12.00.
• The company's latest earnings report showed an EPS of $0.38, slightly missing analysts’ estimates, despite revenue exceeding expectations at $35.15 million.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on the company. UBS Group reissued a "buy" rating and issued a $12.50 price target (up from $11.50) on shares of Runway Growth Finance in a research report on Wednesday, July 16th. B. Riley boosted their price target on Runway Growth Finance from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. LADENBURG THALM/SH SH raised Runway Growth Finance to a "hold" rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. dropped their price target on Runway Growth Finance from $10.50 to $10.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Runway Growth Finance presently has an average rating of "Hold" and a consensus price target of $11.20.

Runway Growth Finance Price Performance

RWAY stock opened at $9.95 on Wednesday. Runway Growth Finance has a fifty-two week low of $8.35 and a fifty-two week high of $11.73. The business's 50 day moving average price is $10.56 and its two-hundred day moving average price is $10.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $360.36 million, a price-to-earnings ratio of 5.24 and a beta of 0.67.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last posted its earnings results 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). Runway Growth Finance had a return on equity of 11.86% and a net margin of 51.03%.The firm had revenue of $35.15 million for the quarter, compared to analysts' expectations of $34.27 million. As a group, analysts forecast that Runway Growth Finance will post 1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Runway Growth Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. bought a new position in Runway Growth Finance in the 1st quarter valued at approximately $4,551,000. Round Rock Advisors LLC lifted its position in Runway Growth Finance by 157.4% in the 1st quarter. Round Rock Advisors LLC now owns 90,622 shares of the company's stock valued at $938,000 after acquiring an additional 55,422 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Runway Growth Finance in the 1st quarter valued at approximately $689,000. Allium Financial Advisors LLC bought a new position in Runway Growth Finance in the 1st quarter valued at approximately $10,568,000. Finally, North Ground Capital lifted its position in Runway Growth Finance by 23.9% in the 1st quarter. North Ground Capital now owns 1,050,000 shares of the company's stock valued at $10,868,000 after acquiring an additional 202,338 shares in the last quarter. 64.61% of the stock is owned by institutional investors.

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.

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