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

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.

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.

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

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.

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).

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.

(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 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.
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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 $11.82.

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.

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.