B. Riley Forecasts Weaker Earnings for Runway Growth Finance

Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) - Investment analysts at B. Riley dropped their FY2024 earnings per share estimates for Runway Growth Finance in a report issued on Thursday, November 14th. B. Riley analyst B. Rowe now anticipates that the company will post earnings of $1.66 per share for the year, down from their prior estimate of $1.78. The consensus estimate for Runway Growth Finance's current full-year earnings is $1.72 per share. B. Riley also issued estimates for Runway Growth Finance's Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS and Q4 2025 earnings at $0.40 EPS.

A number of other equities research analysts also recently issued reports on RWAY. Wells Fargo & Company reduced their price target on Runway Growth Finance from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on Runway Growth Finance from $12.50 to $11.50 and set a "neutral" rating on the stock in a research report on Monday, July 29th. Finally, Compass Point raised Runway Growth Finance from a "neutral" rating to a "buy" rating and reduced their target price for the company from $12.75 to $11.25 in a report on Thursday, August 15th. Six 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 currently has a consensus rating of "Hold" and a consensus target price of $11.79.

Runway Growth Finance Stock Performance

NASDAQ:RWAY traded up $0.01 on Friday, hitting $10.41. The company's stock had a trading volume of 394,717 shares, compared to its average volume of 319,993. The company has a current ratio of 0.36, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average of $10.35 and a two-hundred day moving average of $11.16. The firm has a market capitalization of $389.33 million, a P/E ratio of 10.01 and a beta of 0.58. Runway Growth Finance has a one year low of $9.87 and a one year high of $13.74.

Institutional Trading of Runway Growth Finance

A number of large investors have recently bought and sold shares of RWAY. Norden Group LLC grew its stake in shares of Runway Growth Finance by 14.9% in the 2nd quarter. Norden Group LLC now owns 19,475 shares of the company's stock valued at $229,000 after buying an additional 2,525 shares during the period. Townsquare Capital LLC lifted its position in shares of Runway Growth Finance by 5.2% during the 3rd quarter. Townsquare Capital LLC now owns 58,915 shares of the company's stock worth $606,000 after buying an additional 2,914 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Runway Growth Finance by 33.9% during the 1st quarter. SG Americas Securities LLC now owns 13,345 shares of the company's stock worth $162,000 after buying an additional 3,376 shares in the last quarter. Quarry LP bought a new position in shares of Runway Growth Finance during the 2nd quarter worth approximately $53,000. Finally, Quest Partners LLC bought a new stake in shares of Runway Growth Finance in the 3rd quarter worth approximately $92,000. 64.61% of the stock is currently owned by institutional investors and hedge funds.

Runway Growth Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.60 dividend on an annualized basis and a yield of 15.37%. Runway Growth Finance's payout ratio is currently 153.85%.

Runway Growth Finance Company 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.