Runway Growth Finance (NASDAQ:RWAY - Free Report) had its target price raised by JPMorgan Chase & Co. from $10.50 to $11.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.
Separately, Wells Fargo & Company boosted their price target 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.04.
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Runway Growth Finance Stock Up 0.1 %
Shares of RWAY stock traded up $0.01 during mid-day trading on Monday, hitting $11.52. The stock had a trading volume of 288,675 shares, compared to its average volume of 232,199. Runway Growth Finance has a 12-month low of $9.87 and a 12-month high of $13.74. The firm's 50-day moving average is $10.96 and its two-hundred day moving average is $10.71. The firm has a market capitalization of $430.27 million, a P/E ratio of 11.08 and a beta of 0.59. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36.
Institutional Investors Weigh In On Runway Growth Finance
Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Runway Growth Finance during the fourth quarter valued at $734,000. Norden Group LLC grew its position 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 acquiring an additional 5,989 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Runway Growth Finance by 53.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company's stock valued at $820,000 after acquiring an additional 26,093 shares during the period. HTLF Bank increased its stake 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 valued at $972,000 after purchasing an additional 51,071 shares in the last quarter. Finally, Round Rock Advisors LLC acquired a new position in Runway Growth Finance in the 4th quarter worth about $386,000. Institutional investors and hedge funds own 64.61% of the company's stock.
About Runway Growth Finance
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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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