Franklin Resources Inc. purchased a new position in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 206,309 shares of the company's stock, valued at approximately $2,261,000. Franklin Resources Inc. owned about 0.55% of Runway Growth Finance at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its stake in shares of Runway Growth Finance by 53.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company's stock worth $820,000 after purchasing an additional 26,093 shares in the last quarter. HTLF Bank lifted its holdings in shares of Runway Growth Finance by 135.7% in the 4th quarter. HTLF Bank now owns 88,720 shares of the company's stock worth $972,000 after acquiring an additional 51,071 shares during the last quarter. Round Rock Advisors LLC bought a new position in Runway Growth Finance in the 4th quarter valued at $386,000. Confluence Investment Management LLC purchased a new stake in shares of Runway Growth Finance in the fourth quarter valued at approximately $916,000. Finally, Raymond James Financial Inc. bought a new position in Runway Growth Finance during the 4th quarter worth about $734,000. Institutional investors own 64.61% of the company's stock.
Runway Growth Finance Price Performance
Runway Growth Finance stock traded up $0.22 during mid-day trading on Tuesday, hitting $9.11. 349,010 shares of the company were exchanged, compared to its average volume of 335,424. Runway Growth Finance Corp. has a 12-month low of $8.35 and a 12-month high of $13.50. The company has a market capitalization of $340.23 million, a P/E ratio of 8.76 and a beta of 0.61. The business's 50 day simple moving average is $10.71 and its two-hundred day simple moving average is $10.69. 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 (NASDAQ:RWAY - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). The firm had revenue of $33.78 million for the quarter, compared to analysts' expectations of $36.10 million. Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. Analysts forecast that Runway Growth Finance Corp. will post 1.67 earnings per share for the current fiscal year.
Runway Growth Finance Announces Dividend
The business also recently announced a -- dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.03 dividend. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 15.1%. Runway Growth Finance's dividend payout ratio (DPR) is presently 69.11%.
Analyst Ratings Changes
Several research firms have weighed in on RWAY. JPMorgan Chase & Co. dropped their target price on shares of Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Compass Point increased their price target on Runway Growth Finance from $11.50 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company lifted their price target on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Runway Growth Finance has a consensus rating of "Hold" and an average price target of $11.80.
Check Out Our Latest Stock Analysis on Runway Growth Finance
Runway Growth Finance Company Profile
(
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.
Read More
Before you consider Runway Growth Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Runway Growth Finance wasn't on the list.
While Runway Growth Finance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
