HighTower Advisors LLC Has $13.75 Million Stock Holdings in Runway Growth Finance Corp. (NASDAQ:RWAY)

HighTower Advisors LLC lifted its stake in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,336,053 shares of the company's stock after purchasing an additional 73,200 shares during the period. HighTower Advisors LLC owned 3.57% of Runway Growth Finance worth $13,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RWAY. MGO One Seven LLC grew its holdings in Runway Growth Finance by 28.8% during the 2nd quarter. MGO One Seven LLC now owns 469,001 shares of the company's stock worth $5,515,000 after acquiring an additional 104,822 shares during the period. Crewe Advisors LLC acquired a new stake in Runway Growth Finance during the 3rd quarter worth $1,770,000. Townsquare Capital LLC grew its holdings in Runway Growth Finance by 5.2% during the 3rd quarter. Townsquare Capital LLC now owns 58,915 shares of the company's stock worth $606,000 after acquiring an additional 2,914 shares during the period. Tidal Investments LLC acquired a new stake in Runway Growth Finance during the 1st quarter worth $323,000. Finally, Quantbot Technologies LP grew its holdings in shares of Runway Growth Finance by 640.1% in the 3rd quarter. Quantbot Technologies LP now owns 15,593 shares of the company's stock valued at $160,000 after buying an additional 13,486 shares during the period. Institutional investors and hedge funds own 64.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RWAY shares. Wells Fargo & Company raised shares of Runway Growth Finance from an "equal weight" rating to an "overweight" rating and set a $11.00 price target for the company in a report on Monday, December 2nd. Compass Point raised shares of Runway Growth Finance from a "neutral" rating to a "buy" rating and decreased their price target for the company from $12.75 to $11.25 in a report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.96.

Runway Growth Finance Stock Up 3.1 %

RWAY traded up $0.32 during trading on Friday, hitting $10.56. The company had a trading volume of 322,374 shares, compared to its average volume of 293,771. The company has a market capitalization of $394.94 million, a PE ratio of 10.15 and a beta of 0.60. Runway Growth Finance Corp. has a one year low of $9.87 and a one year high of $13.74. The firm's 50-day moving average price is $10.37 and its 200 day moving average price is $10.93. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07.

Runway Growth Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.60 annualized dividend and a yield of 15.15%. Runway Growth Finance's dividend payout ratio is currently 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.