Runway Growth Finance Corp. (NASDAQ:RWAY) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,212,377 shares of the company's stock after selling 123,676 shares during the quarter. HighTower Advisors LLC owned 3.25% of Runway Growth Finance worth $13,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of RWAY. Atria Wealth Solutions Inc. increased its holdings in Runway Growth Finance by 53.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company's stock valued at $820,000 after buying an additional 26,093 shares during the last quarter. HTLF Bank increased its holdings in Runway Growth Finance by 135.7% in the fourth quarter. HTLF Bank now owns 88,720 shares of the company's stock valued at $972,000 after buying an additional 51,071 shares during the last quarter. Crewe Advisors LLC purchased a new position in Runway Growth Finance in the third quarter valued at $1,770,000. Round Rock Advisors LLC purchased a new position in Runway Growth Finance in the fourth quarter valued at $386,000. Finally, Confluence Investment Management LLC purchased a new position in Runway Growth Finance in the fourth quarter valued at $916,000. Hedge funds and other institutional investors own 64.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RWAY. JPMorgan Chase & Co. increased their target price on Runway Growth Finance from $10.50 to $11.00 and gave the company 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 research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Runway Growth Finance presently has an average rating of "Hold" and a consensus target price of $11.75.

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Runway Growth Finance Stock Performance

NASDAQ RWAY traded down $0.05 during trading hours on Thursday, hitting $10.70. The company had a trading volume of 307,581 shares, compared to its average volume of 307,871. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.36 and a current ratio of 0.36. Runway Growth Finance Corp. has a 1-year low of $9.87 and a 1-year high of $13.50. The company has a market cap of $399.61 million, a PE ratio of 10.29 and a beta of 0.59. The business has a 50 day moving average of $11.32 and a 200-day moving average of $10.76.

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. As a group, equities research analysts expect that Runway Growth Finance Corp. will post 1.67 EPS for the current year.

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.