Trexquant Investment LP Increases Stake in Runway Growth Finance Corp. (NASDAQ:RWAY)

Trexquant Investment LP lifted its position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 107.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,377 shares of the company's stock after buying an additional 67,010 shares during the quarter. Trexquant Investment LP owned approximately 0.35% of Runway Growth Finance worth $1,418,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RWAY. Perigon Wealth Management LLC bought a new position in Runway Growth Finance during the 4th quarter worth about $114,000. Verition Fund Management LLC purchased a new stake in shares of Runway Growth Finance in the 3rd quarter worth approximately $165,000. Norden Group LLC boosted its stake in shares of Runway Growth Finance by 42.1% during the fourth quarter. Norden Group LLC now owns 20,208 shares of the company's stock valued at $221,000 after purchasing an additional 5,989 shares in the last quarter. XTX Topco Ltd purchased a new position in Runway Growth Finance during the third quarter valued at approximately $226,000. Finally, Fox Run Management L.L.C. bought a new position in Runway Growth Finance in the fourth quarter worth approximately $275,000. Hedge funds and other institutional investors own 64.61% of the company's stock.

Runway Growth Finance Stock Performance

RWAY stock traded up $0.24 during midday trading on Tuesday, reaching $9.13. The stock had a trading volume of 107,066 shares, compared to its average volume of 334,003. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a fifty day simple moving average of $10.71 and a two-hundred day simple moving average of $10.69. The stock has a market cap of $340.79 million, a PE ratio of 8.79 and a beta of 0.61. Runway Growth Finance Corp. has a 52-week low of $8.35 and a 52-week high of $13.50.

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Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%. The business had revenue of $33.78 million for the quarter, compared to analyst estimates of $36.10 million. As a group, equities research analysts anticipate that Runway Growth Finance Corp. will post 1.67 EPS for the current year.

Runway Growth Finance Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on RWAY. Wells Fargo & Company increased their target price on Runway Growth Finance from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Compass Point increased their price target on shares of Runway Growth Finance from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Runway Growth Finance currently has an average 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.