Fox Run Management L.L.C. Buys New Shares in Runway Growth Finance Corp. (NASDAQ:RWAY)

Fox Run Management L.L.C. bought a new position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,064 shares of the company's stock, valued at approximately $275,000. Fox Run Management L.L.C. owned about 0.07% of Runway Growth Finance at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Quest Partners LLC bought a new stake in shares of Runway Growth Finance during the 3rd quarter worth $92,000. Perigon Wealth Management LLC bought a new position in shares of Runway Growth Finance in the fourth quarter worth about $114,000. Quantbot Technologies LP boosted its stake in shares of Runway Growth Finance by 640.1% in the 3rd quarter. Quantbot Technologies LP now owns 15,593 shares of the company's stock valued at $160,000 after purchasing an additional 13,486 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Runway Growth Finance in the 3rd quarter valued at approximately $165,000. Finally, Norden Group LLC grew its holdings in shares of Runway Growth Finance by 42.1% during the 4th quarter. Norden Group LLC now owns 20,208 shares of the company's stock valued at $221,000 after purchasing an additional 5,989 shares during the last quarter. Institutional investors and hedge funds own 64.61% of the company's stock.

Runway Growth Finance Trading Up 2.0 %

NASDAQ RWAY traded up $0.21 on Tuesday, hitting $10.56. The company's stock had a trading volume of 442,686 shares, compared to its average volume of 319,400. The firm has a market cap of $394.38 million, a PE ratio of 10.15 and a beta of 0.59. The company's 50-day moving average is $11.20 and its 200 day moving average is $10.77. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. Runway Growth Finance Corp. has a 1-year low of $9.87 and a 1-year high of $13.50.

Remove Ads

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. The company had revenue of $33.78 million for the quarter, compared to the consensus estimate of $36.10 million. As a group, analysts predict 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 will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.03 dividend. This represents a yield of 15.1%. The ex-dividend date of this dividend is Monday, March 31st. Runway Growth Finance's payout ratio is presently 69.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RWAY. JPMorgan Chase & Co. dropped their price objective on shares of Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating for the company in a research note on Friday, March 21st. Compass Point increased their price target on Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price objective on Runway Growth Finance from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.80.

Runway Growth Finance Profile

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.