ExodusPoint Capital Management LP increased its position in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 358.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,660 shares of the company's stock after buying an additional 52,134 shares during the period. ExodusPoint Capital Management LP owned 0.18% of Runway Growth Finance worth $731,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RWAY. LPL Financial LLC raised its stake in shares of Runway Growth Finance by 3.6% in the 4th quarter. LPL Financial LLC now owns 26,776 shares of the company's stock valued at $293,000 after acquiring an additional 940 shares in the last quarter. Tidal Investments LLC grew its holdings in Runway Growth Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 44,297 shares of the company's stock valued at $456,000 after purchasing an additional 3,054 shares during the last quarter. Norden Group LLC raised its position in shares of Runway Growth Finance by 42.1% in the fourth 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 period. Perigon Wealth Management LLC acquired a new stake in shares of Runway Growth Finance in the fourth quarter worth $114,000. Finally, Verition Fund Management LLC acquired a new position in Runway Growth Finance in the 3rd quarter valued at $165,000. Institutional investors own 64.61% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on RWAY. Compass Point upped their price target on shares of Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their target price on Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company upped their price target on Runway Growth Finance from $11.00 to $12.00 and gave the stock an "overweight" rating in a 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 stock. According to MarketBeat.com, Runway Growth Finance currently has an average rating of "Hold" and an average target price of $11.80.
Check Out Our Latest Analysis on Runway Growth Finance
Runway Growth Finance Stock Performance
Runway Growth Finance stock traded up $0.22 during trading hours on Tuesday, hitting $9.11. The stock had a trading volume of 349,010 shares, compared to its average volume of 334,897. Runway Growth Finance Corp. has a fifty-two week low of $8.35 and a fifty-two week high of $13.50. The company has a market cap of $340.23 million, a PE ratio of 8.76 and a beta of 0.61. The company has a 50-day moving average of $10.71 and a two-hundred day moving average of $10.69. 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 (NASDAQ:RWAY - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). The business had revenue of $33.78 million for the quarter, compared to analyst estimates of $36.10 million. Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. On average, equities research analysts anticipate that Runway Growth Finance Corp. will post 1.67 EPS for the current fiscal year.
Runway Growth Finance Announces Dividend
The firm also recently declared a -- dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.03 per share. This represents a yield of 15.1%. The ex-dividend date of this dividend was Monday, March 31st. Runway Growth Finance's dividend payout ratio is 69.11%.
Runway Growth Finance 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.
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