Runway Growth Finance (NASDAQ:RWAY) Upgraded at B. Riley

B. Riley upgraded shares of Runway Growth Finance (NASDAQ:RWAY - Free Report) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports. B. Riley also issued estimates for Runway Growth Finance's Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.58 EPS, 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.

Several other research firms also recently weighed in on RWAY. Wells Fargo & Company reiterated an "equal weight" rating and set a $9.50 price target (down previously from $10.00) on shares of Runway Growth Finance in a research note on Wednesday, May 28th. Compass Point boosted their price target on Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price target on Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. 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 note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $10.70.

Runway Growth Finance Stock Down 0.2%

RWAY stock traded down $0.02 on Monday, hitting $10.31. 232,749 shares of the company's stock were exchanged, compared to its average volume of 316,144. Runway Growth Finance has a 12-month low of $8.35 and a 12-month high of $12.09. The firm has a 50 day moving average price of $9.62 and a two-hundred day moving average price of $10.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $385.08 million, a P/E ratio of 6.21 and a beta of 0.68.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $35.40 million for the quarter, compared to the consensus estimate 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, equities research analysts expect that Runway Growth Finance will post 1.67 EPS for the current fiscal year.

Runway Growth Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 12.80%. Runway Growth Finance's dividend payout ratio (DPR) is presently 79.52%.

Hedge Funds Weigh In On Runway Growth Finance

Several institutional investors and hedge funds have recently modified their holdings of RWAY. Allium Financial Advisors LLC acquired a new position in shares of Runway Growth Finance in the 1st quarter valued at about $10,568,000. CF Capital LLC acquired a new position in shares of Runway Growth Finance in the 4th quarter valued at about $9,290,000. Bulldog Investors LLP raised its holdings in Runway Growth Finance by 143.5% in the 4th quarter. Bulldog Investors LLP now owns 802,390 shares of the company's stock worth $8,802,000 after purchasing an additional 472,799 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Runway Growth Finance during the first quarter worth approximately $4,551,000. Finally, Alpine Global Management LLC boosted its position in Runway Growth Finance by 76.3% during the fourth quarter. Alpine Global Management LLC now owns 920,874 shares of the company's stock worth $10,093,000 after purchasing an additional 398,547 shares in the last quarter. Institutional investors and hedge funds 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.