Round Rock Advisors LLC Takes $386,000 Position in Runway Growth Finance Corp. (NASDAQ:RWAY)

Round Rock Advisors LLC acquired a new position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 35,200 shares of the company's stock, valued at approximately $386,000. Round Rock Advisors LLC owned 0.09% of Runway Growth Finance at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RWAY. Crewe Advisors LLC bought a new stake in Runway Growth Finance during the third quarter worth approximately $1,770,000. Confluence Investment Management LLC acquired a new stake in Runway Growth Finance during the 4th quarter worth about $916,000. HighTower Advisors LLC boosted its holdings in shares of Runway Growth Finance by 5.8% in the third quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company's stock worth $13,747,000 after buying an additional 73,200 shares during the period. XTX Topco Ltd purchased a new stake in shares of Runway Growth Finance in the 3rd quarter valued at approximately $226,000. Finally, Verition Fund Management LLC purchased a new position in Runway Growth Finance during the 3rd quarter worth approximately $165,000. 64.61% of the stock is currently owned by institutional investors and hedge funds.

Runway Growth Finance Stock Up 1.1 %

NASDAQ RWAY traded up $0.13 during trading on Wednesday, hitting $11.52. 135,347 shares of the company traded hands, compared to its average volume of 219,151. Runway Growth Finance Corp. has a 12 month low of $9.87 and a 12 month high of $13.74. The business has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $10.71. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $430.09 million, a P/E ratio of 11.07 and a beta of 0.59.

Wall Street Analysts Forecast Growth

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

About Runway Growth Finance

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.