Runway Growth Finance Corp. (NASDAQ:RWAY) Given Consensus Rating of "Hold" by Brokerages

Runway Growth Finance Corp. (NASDAQ:RWAY - Get Free Report) has been assigned a consensus rating of "Hold" from the eight analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.79.

RWAY has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Runway Growth Finance from $12.50 to $11.50 and set a "neutral" rating for the company in a research note on Monday, July 29th. Compass Point upgraded shares of Runway Growth Finance from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $12.75 to $11.25 in a research report on Thursday, August 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Runway Growth Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Runway Growth Finance

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Runway Growth Finance in the second quarter worth approximately $53,000. Quest Partners LLC acquired a new position in Runway Growth Finance in the third quarter worth approximately $92,000. Quantbot Technologies LP increased 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 buying an additional 13,486 shares during the last quarter. SG Americas Securities LLC increased its holdings in Runway Growth Finance by 33.9% in the first quarter. SG Americas Securities LLC now owns 13,345 shares of the company's stock worth $162,000 after buying an additional 3,376 shares during the last quarter. Finally, Norden Group LLC increased its holdings in Runway Growth Finance by 14.9% in the second quarter. Norden Group LLC now owns 19,475 shares of the company's stock worth $229,000 after buying an additional 2,525 shares during the last quarter. Institutional investors and hedge funds own 64.61% of the company's stock.

Runway Growth Finance Price Performance

Runway Growth Finance stock traded down $0.06 during trading hours on Wednesday, hitting $10.48. 432,920 shares of the company traded hands, compared to its average volume of 319,842. Runway Growth Finance has a 1-year low of $9.87 and a 1-year high of $13.74. The firm has a market cap of $404.00 million, a P/E ratio of 10.08 and a beta of 0.58. The firm's 50-day simple moving average is $10.35 and its two-hundred day simple moving average is $11.17. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.08.

Runway Growth Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 15.27%. The ex-dividend date of this dividend is Monday, November 18th. Runway Growth Finance's dividend payout ratio (DPR) 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.