Runway Growth Finance (NASDAQ:RWAY) Upgraded by B. Riley to Strong-Buy Rating

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) was upgraded by B. Riley to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports. B. Riley also issued estimates for Runway Growth Finance's Q1 2026 earnings at $0.38 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.39 EPS and FY2026 earnings at $1.53 EPS.

RWAY has been the subject of several other research reports. UBS Group reduced their target price 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. Compass Point upped their target price on shares of Runway Growth Finance from $11.50 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $9.50 price objective (down from $10.00) on shares of Runway Growth Finance in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced 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. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.70.

Runway Growth Finance Stock Performance

Shares of RWAY stock opened at $10.16 on Monday. The firm has a market capitalization of $379.48 million, a PE ratio of 6.12 and a beta of 0.68. The firm has a fifty day simple moving average of $9.53 and a two-hundred day simple moving average of $10.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.98. Runway Growth Finance has a 12 month low of $8.35 and a 12 month high of $12.09.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $35.40 million during the quarter, compared to the consensus estimate of $33.83 million. Runway Growth Finance had a net margin of 45.30% and a return on equity of 11.95%. Analysts forecast that Runway Growth Finance will post 1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RWAY. HighTower Advisors LLC grew its position in Runway Growth Finance by 2.7% during the first quarter. HighTower Advisors LLC now owns 1,245,645 shares of the company's stock valued at $12,892,000 after buying an additional 33,268 shares during the period. North Ground Capital grew its position in shares of Runway Growth Finance by 23.9% during 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 during the period. Allium Financial Advisors LLC bought a new position in shares of Runway Growth Finance during the 1st quarter valued at approximately $10,568,000. Alpine Global Management LLC grew its position in shares of Runway Growth Finance by 76.3% during the 4th quarter. Alpine Global Management LLC now owns 920,874 shares of the company's stock valued at $10,093,000 after acquiring an additional 398,547 shares during the period. Finally, CF Capital LLC bought a new position in shares of Runway Growth Finance during the 4th quarter valued at approximately $9,290,000. Institutional investors own 64.61% of the company's stock.

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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