Runway Growth Finance Corp. (NASDAQ:RWAY) Receives $12.04 Average PT from Analysts

Shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Get Free Report) have been given an average recommendation of "Hold" by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.04.

A number of equities analysts have recently commented on RWAY shares. JPMorgan Chase & Co. lifted their price target on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company upped their price objective 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.

Runway Growth Finance Price Performance

NASDAQ RWAY traded up $0.01 on Friday, hitting $11.63. 210,182 shares of the company's stock were exchanged, compared to its average volume of 227,738. The stock has a market cap of $434.38 million, a price-to-earnings ratio of 11.18 and a beta of 0.59. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. Runway Growth Finance has a 52 week low of $9.87 and a 52 week high of $13.74. The stock has a 50-day moving average of $11.18 and a 200-day moving average of $10.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PharVision Advisers LLC bought a new position in Runway Growth Finance in the fourth quarter worth approximately $113,000. Two Sigma Advisers LP lifted its stake in shares of Runway Growth Finance by 11.0% during the 4th quarter. Two Sigma Advisers LP now owns 190,500 shares of the company's stock valued at $2,088,000 after buying an additional 18,900 shares in the last quarter. Two Sigma Investments LP raised its holdings in Runway Growth Finance by 10.8% during the fourth quarter. Two Sigma Investments LP now owns 268,306 shares of the company's stock valued at $2,941,000 after acquiring an additional 26,072 shares during the period. Tidal Investments LLC boosted its stake in Runway Growth Finance by 2.3% in the 4th quarter. Tidal Investments LLC now owns 45,315 shares of the company's stock worth $497,000 after purchasing an additional 1,018 shares during the period. Finally, State of Wyoming bought a new position in shares of Runway Growth Finance during the fourth quarter worth $116,000. Institutional investors own 64.61% of the company's stock.

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.