HTLF Bank Increases Stock Holdings in Runway Growth Finance Corp. (NASDAQ:RWAY)

HTLF Bank boosted its stake in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 135.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,720 shares of the company's stock after buying an additional 51,071 shares during the period. HTLF Bank owned 0.24% of Runway Growth Finance worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC purchased a new position in Runway Growth Finance in the third quarter worth $92,000. Perigon Wealth Management LLC purchased a new position in Runway Growth Finance during the 4th quarter worth $114,000. Quantbot Technologies LP boosted its holdings in Runway Growth Finance by 640.1% in the third quarter. Quantbot Technologies LP now owns 15,593 shares of the company's stock worth $160,000 after acquiring an additional 13,486 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Runway Growth Finance during the third quarter worth about $165,000. Finally, XTX Topco Ltd acquired a new position in shares of Runway Growth Finance during the third quarter valued at about $226,000. Institutional investors own 64.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on RWAY. JPMorgan Chase & Co. boosted their target price on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.04.

Runway Growth Finance Stock Performance

NASDAQ:RWAY traded down $0.01 during mid-day trading on Wednesday, hitting $11.42. The company's stock had a trading volume of 308,264 shares, compared to its average volume of 232,531. The business's fifty day moving average is $11.06 and its two-hundred day moving average is $10.70. The stock has a market cap of $426.54 million, a price-to-earnings ratio of 10.98 and a beta of 0.59. Runway Growth Finance Corp. has a 1 year low of $9.87 and a 1 year high of $13.74. 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 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.