66,999 Shares in Runway Growth Finance Corp. (NASDAQ:RWAY) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 66,999 shares of the company's stock, valued at approximately $734,000. Raymond James Financial Inc. owned 0.18% of Runway Growth Finance as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of Runway Growth Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 44,297 shares of the company's stock valued at $456,000 after buying an additional 3,054 shares in the last quarter. Norden Group LLC lifted its position in 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. Perigon Wealth Management LLC purchased a new position in Runway Growth Finance during the 4th quarter valued at about $114,000. Verition Fund Management LLC purchased a new stake in Runway Growth Finance in the third quarter worth about $165,000. Finally, XTX Topco Ltd purchased a new stake in Runway Growth Finance in the third quarter worth about $226,000. 64.61% of the stock is currently owned by institutional investors.

Runway Growth Finance Stock Down 4.3 %

Shares of RWAY stock traded down $0.39 during mid-day trading on Thursday, hitting $8.69. The company's stock had a trading volume of 625,176 shares, compared to its average volume of 332,461. The stock has a market cap of $324.55 million, a price-to-earnings ratio of 8.36 and a beta of 0.61. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.36 and a current ratio of 0.36. Runway Growth Finance Corp. has a 52-week low of $8.35 and a 52-week high of $13.50. The business has a 50-day moving average price of $10.81 and a 200 day moving average price of $10.71.

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Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last issued its 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). Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. The business had revenue of $33.78 million during the quarter, compared to analysts' expectations of $36.10 million. Research analysts predict that Runway Growth Finance Corp. will post 1.67 EPS for the current fiscal year.

Runway Growth Finance Announces Dividend

The business also recently announced a -- dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 15.1%. Runway Growth Finance's dividend payout ratio is presently 69.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RWAY shares. JPMorgan Chase & Co. dropped their price target on Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company boosted their target price on Runway Growth Finance from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Compass Point increased their target price on Runway Growth Finance from $11.50 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Runway Growth Finance has a consensus rating of "Hold" and an average price target of $11.80.

Runway Growth Finance 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.