Runway Growth Finance (NASDAQ:RWAY - Get Free Report) released its earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03), Zacks reports. 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 during the quarter, compared to the consensus estimate of $36.10 million.
Runway Growth Finance Stock Performance
Shares of RWAY traded down $0.09 during mid-day trading on Monday, reaching $10.50. The company's stock had a trading volume of 721,054 shares, compared to its average volume of 311,047. The business has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $10.76. Runway Growth Finance has a 1-year low of $9.87 and a 1-year high of $13.50. The stock has a market cap of $392.14 million, a P/E ratio of 10.10 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 Dividend Announcement
The firm also recently declared a -- dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.03 per share. This represents a yield of 15.1%. The ex-dividend date of this dividend is Monday, March 31st. Runway Growth Finance's dividend payout ratio (DPR) is presently 83.77%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating for the company in a report on Friday. Wells Fargo & Company raised their price target on 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $11.65.
View Our Latest Stock Analysis on Runway Growth Finance
About Runway Growth Finance
(
Get Free Report)
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.
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