Stifel Financial Corp acquired a new stake in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,000 shares of the company's stock, valued at approximately $471,000. Stifel Financial Corp owned about 0.12% of Runway Growth Finance as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of RWAY. Franklin Resources Inc. bought a new stake in shares of Runway Growth Finance in the fourth quarter valued at about $2,261,000. Marshall Wace LLP acquired a new position in shares of Runway Growth Finance in the fourth quarter valued at approximately $1,828,000. Trexquant Investment LP grew its position in Runway Growth Finance by 107.4% during the fourth quarter. Trexquant Investment LP now owns 129,377 shares of the company's stock worth $1,418,000 after buying an additional 67,010 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Runway Growth Finance in the 4th quarter valued at $734,000. Finally, ExodusPoint Capital Management LP lifted its stake in shares of Runway Growth Finance by 358.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 66,660 shares of the company's stock valued at $731,000 after acquiring an additional 52,134 shares during the last quarter. Institutional investors own 64.61% of the company's stock.
Runway Growth Finance Stock Up 1.5%
Shares of Runway Growth Finance stock traded up $0.15 during trading hours on Friday, hitting $10.12. The company had a trading volume of 500,440 shares, compared to its average volume of 321,062. The company has a market cap of $377.95 million, a P/E ratio of 9.73 and a beta of 0.63. The company's 50-day moving average is $9.71 and its two-hundred day moving average is $10.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. Runway Growth Finance Corp. has a twelve month low of $8.35 and a twelve month high of $12.17.
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, topping the consensus estimate of $0.36 by $0.06. Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%. The company had revenue of $35.40 million during the quarter, compared to the consensus estimate of $33.83 million. Analysts anticipate that Runway Growth Finance Corp. will post 1.67 earnings per share for the current fiscal year.
Runway Growth Finance Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 13.04%. Runway Growth Finance's dividend payout ratio is currently 79.52%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on RWAY shares. Compass Point raised their target price 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. decreased their price target on shares of Runway Growth Finance from $10.50 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their target price 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. Finally, Wells Fargo & Company dropped their target price on shares of Runway Growth Finance from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.08.
Get Our Latest Analysis on RWAY
About Runway Growth Finance
(
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.
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