Runway Growth Finance - RWAY Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Runway Growth Finance in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RWAY shares.
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3 Wall Street analysts have issued twelve-month price objectives for Runway Growth Finance's shares. Their RWAY share price forecasts range from $13.50 to $15.50. On average, they anticipate the company's share price to reach $14.38 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price.
View analysts price targets for RWAY or view top-rated stocks among Wall Street analysts.

Runway Growth Finance's stock was trading at $12.82 at the beginning of 2022. Since then, RWAY shares have decreased by 6.2% and is now trading at $12.02.
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Runway Growth Finance saw a increase in short interest in November. As of November 15th, there was short interest totaling 68,500 shares, an increase of 125.3% from the October 31st total of 30,400 shares. Based on an average daily volume of 63,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.
View Runway Growth Finance's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our RWAY earnings forecast.

Runway Growth Finance Corp. (NASDAQ:RWAY) released its quarterly earnings data on Thursday, November, 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $27.33 million for the quarter, compared to analysts' expectations of $27.82 million. Runway Growth Finance had a net margin of 37.01% and a trailing twelve-month return on equity of 8.89%.

Runway Growth Finance declared a quarterly dividend on Thursday, October 27th. Shareholders of record on Tuesday, November 8th will be given a dividend of $0.36 per share on Tuesday, November 22nd. This represents a $1.44 annualized dividend and a yield of 11.98%. The ex-dividend date of this dividend is Monday, November 7th. This is a positive change from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for RWAY.

Runway Growth Finance (NASDAQ:RWAY) pays an annual dividend of $1.44 per share and currently has a dividend yield of 12.18%. RWAY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 173.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RWAY will have a dividend payout ratio of 88.34% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RWAY.

(RWAY) raised $104 million in an initial public offering on Thursday, October 21st 2021. The company issued 6,900,000 shares at a price of $14.60-$15.60 per share. J.P. Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank served as the underwriters for the IPO and Oppenheimer & Co., B. Riley Securities, Compass Point and Hovde Group, LLC were co-managers.

Runway Growth Finance trades on the NASDAQ under the ticker symbol "RWAY."

Runway Growth Finance's stock is owned by many different retail and institutional investors. Top institutional shareholders include US Bancorp DE (2.79%), Bulldog Investors LLP (0.72%), BlackRock Inc. (0.25%), Edge Capital Group LLC (0.21%), Laurion Capital Management LP (0.17%) and Hennion & Walsh Asset Management Inc. (0.16%). Insiders that own company stock include John F Engel, Ocm Growth Holdings Llc, R David Spreng and Thomas B Raterman.
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Shares of RWAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RWAY stock can currently be purchased for approximately $12.02.

Runway Growth Finance (NASDAQ:RWAY) has a market capitalization of $487.05 million and generates $71.36 million in revenue each year. The company earns $45.62 million in net income (profit) each year or $0.83 on an earnings per share basis.

The company employs 2,020 workers across the globe.

The official website for the company is investors.runwaygrowth.com. The company can be reached via phone at 312-281-6270 or via email at investors@runwaygrowth.com.