Runway Growth Finance (NASDAQ:RWAY) Stock Price Expected to Rise, Compass Point Analyst Says

Runway Growth Finance (NASDAQ:RWAY - Free Report) had its price objective boosted by Compass Point from $11.50 to $12.00 in a research note released on Tuesday morning,Benzinga reports. Compass Point currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on RWAY. Wells Fargo & Company increased their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Runway Growth Finance from $11.00 to $10.50 and set a "neutral" rating on the stock in a report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Runway Growth Finance currently has an average rating of "Hold" and a consensus price target of $11.80.

Runway Growth Finance Stock Performance

Shares of NASDAQ:RWAY traded down $0.78 during midday trading on Tuesday, hitting $9.61. The company had a trading volume of 918,908 shares, compared to its average volume of 323,585. Runway Growth Finance has a 12-month low of $9.56 and a 12-month high of $13.50. The company has a fifty day moving average of $11.13 and a two-hundred day moving average of $10.76. The company has a market cap of $358.90 million, a price-to-earnings ratio of 9.24 and a beta of 0.59. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36.

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Runway Growth Finance (NASDAQ:RWAY - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. The company had revenue of $33.78 million during the quarter, compared to analysts' expectations of $36.10 million. On average, equities research analysts expect that Runway Growth Finance will post 1.67 EPS for the current fiscal year.

Runway Growth Finance Dividend Announcement

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

Institutional Investors Weigh In On Runway Growth Finance

Several large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in Runway Growth Finance in the 4th quarter worth approximately $30,000. PharVision Advisers LLC bought a new stake in Runway Growth Finance in the fourth quarter worth $113,000. Perigon Wealth Management LLC purchased a new stake in Runway Growth Finance during the fourth quarter valued at $114,000. Cetera Investment Advisers purchased a new stake in Runway Growth Finance during the fourth quarter valued at $114,000. Finally, State of Wyoming bought a new position in Runway Growth Finance during the fourth quarter valued at $116,000. 64.61% of the stock is owned by institutional investors.

About Runway Growth Finance

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.