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DOW   33,061.57
QQQ   352.01
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How to Invest in AI's Fast-Growing Market (Ad)
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NASDAQ:RWAY

Runway Growth Finance (RWAY) Stock Forecast, Price & News

$11.82
+0.34 (+2.96%)
(As of 06/1/2023 ET)
Compare
Today's Range
$11.45
$11.90
50-Day Range
$10.60
$12.20
52-Week Range
$10.47
$14.78
Volume
181,520 shs
Average Volume
128,937 shs
Market Capitalization
$478.83 million
P/E Ratio
11.48
Dividend Yield
13.54%
Price Target
$13.29

Runway Growth Finance MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
12.5% Upside
$13.29 Price Target
Short Interest
Healthy
0.80% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$295,938 Sold Last Quarter
Proj. Earnings Growth
-2.20%
From $1.82 to $1.78 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Finance Sector

971st out of 1,784 stocks

Nondepository Credit Institutions Industry

27th out of 84 stocks


RWAY stock logo

About Runway Growth Finance (NASDAQ:RWAY) Stock

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. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.

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RWAY Stock News Headlines

How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Q1 2023 Runway Growth Finance Corp Earnings Call
Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
Runway Growth Finance Corp. Provides Business Update
Best Momentum Stock to Buy for March 8th
See More Headlines

RWAY Price History

RWAY Company Calendar

Ex-Dividend for 3/21 Dividend
3/06/2023
Dividend Payable
3/21/2023
Ex-Dividend for 5/31 Dividend
5/12/2023
Dividend Payable
5/31/2023
Today
6/02/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:RWAY
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.29
High Stock Price Forecast
$14.50
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+12.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$32.25 million
Pretax Margin
32.18%

Debt

Sales & Book Value

Annual Sales
$108.55 million
Cash Flow
$1.38 per share
Book Value
$14.07 per share

Miscellaneous

Free Float
40,254,000
Market Cap
$478.83 million
Optionable
Not Optionable
Beta
0.74

Key Executives

  • Mr. David R. Spreng (Age 60)
    Founder, Chairman, Pres, Chief Investment Officer & CEO
  • Mr. Thomas B. RatermanMr. Thomas B. Raterman
    CFO, COO, Sec. & Treasurer
  • Ms. Colleen Corwell
    Chief Compliance Officer
  • Mr. Jeff Goldrich
    Managing Director of Technology
  • Mr. Ted Cavan
    Managing Director of Technology













RWAY Stock - Frequently Asked Questions

Should I buy or sell Runway Growth Finance stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Runway Growth Finance in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RWAY shares.
View RWAY analyst ratings
or view top-rated stocks.

What is Runway Growth Finance's stock price forecast for 2023?

4 analysts have issued 12 month price targets for Runway Growth Finance's stock. Their RWAY share price forecasts range from $12.00 to $14.50. On average, they expect the company's share price to reach $13.29 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
View analysts price targets for RWAY
or view top-rated stocks among Wall Street analysts.

How have RWAY shares performed in 2023?

Runway Growth Finance's stock was trading at $11.59 on January 1st, 2023. Since then, RWAY stock has increased by 2.0% and is now trading at $11.82.
View the best growth stocks for 2023 here
.

When is Runway Growth Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our RWAY earnings forecast
.

How often does Runway Growth Finance pay dividends? What is the dividend yield for Runway Growth Finance?

Runway Growth Finance declared a quarterly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be paid a dividend of $0.45 per share on Wednesday, May 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.23%. The ex-dividend date is Friday, May 12th. This is an increase from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for RWAY
.

What ETFs hold Runway Growth Finance's stock?

ETFs with the largest weight of Runway Growth Finance (NASDAQ:RWAY) stock in their portfolio include Putnam BDC Income ETF (PBDC).Virtus Private Credit Strategy ETF (VPC).

Is Runway Growth Finance a good dividend stock?

Runway Growth Finance (NASDAQ:RWAY) pays an annual dividend of $1.60 per share and currently has a dividend yield of 13.94%. RWAY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 155.34%. 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 89.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RWAY.

When did Runway Growth Finance IPO?

(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.

What is Runway Growth Finance's stock symbol?

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

Who are Runway Growth Finance's major shareholders?

Runway Growth Finance's stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.58%), HighTower Advisors LLC (2.41%), US Bancorp DE (0.92%), Ares Management LLC (0.89%), Edge Capital Group LLC (0.42%) and Roumell Asset Management LLC (0.34%). Insiders that own company stock include John F Engel, Multi-Strategy Mast Brookfield, Ocm Growth Holdings Llc, R David Spreng and Thomas B Raterman.
View institutional ownership trends
.

How do I buy shares of Runway Growth Finance?

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.
Compare Top Brokerages Here.

What is Runway Growth Finance's stock price today?

One share of RWAY stock can currently be purchased for approximately $11.82.

How much money does Runway Growth Finance make?

Runway Growth Finance (NASDAQ:RWAY) has a market capitalization of $478.83 million and generates $108.55 million in revenue each year. The company earns $32.25 million in net income (profit) each year or $1.03 on an earnings per share basis.

How many employees does Runway Growth Finance have?

The company employs 2,020 workers across the globe.

How can I contact Runway Growth Finance?

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.

This page (NASDAQ:RWAY) was last updated on 6/2/2023 by MarketBeat.com Staff

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