B. Riley Lowers Earnings Estimates for Runway Growth Finance

Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) - Research analysts at B. Riley dropped their Q4 2024 EPS estimates for shares of Runway Growth Finance in a research report issued on Thursday, November 14th. B. Riley analyst B. Rowe now expects that the company will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.48. The consensus estimate for Runway Growth Finance's current full-year earnings is $1.67 per share.

Several other equities research analysts have also commented on RWAY. JPMorgan Chase & Co. decreased their target price on shares of 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. Compass Point raised Runway Growth Finance from a "neutral" rating to a "buy" rating and cut their price target for the stock from $12.75 to $11.25 in a research note on Thursday, August 15th. Finally, Wells Fargo & Company cut their price target on Runway Growth Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.79.

Runway Growth Finance Price Performance

Shares of NASDAQ RWAY traded up $0.09 during trading on Monday, hitting $10.10. 369,350 shares of the company were exchanged, compared to its average volume of 320,178. The company has a market cap of $377.74 million, a price-to-earnings ratio of 9.72 and a beta of 0.58. Runway Growth Finance has a 1 year low of $9.87 and a 1 year high of $13.74. The firm's fifty day moving average price is $10.34 and its 200 day moving average price is $11.12. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.63.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Runway Growth Finance by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company's stock valued at $13,747,000 after purchasing an additional 73,200 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Runway Growth Finance by 28.8% during the 2nd quarter. MGO One Seven LLC now owns 469,001 shares of the company's stock valued at $5,515,000 after acquiring an additional 104,822 shares during the last quarter. Edge Capital Group LLC increased its stake in shares of Runway Growth Finance by 5.2% during the 2nd quarter. Edge Capital Group LLC now owns 228,747 shares of the company's stock valued at $2,690,000 after acquiring an additional 11,279 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Runway Growth Finance during the 3rd quarter valued at about $1,770,000. Finally, Townsquare Capital LLC increased its stake 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 valued at $606,000 after acquiring an additional 2,914 shares during the last quarter. Institutional investors and hedge funds own 64.61% of the company's stock.

Runway Growth Finance Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 15.84%. The ex-dividend date is Monday, November 18th. Runway Growth Finance's payout ratio is 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.