US Bancorp DE Sells 44,445 Shares of Runway Growth Finance Corp. (NASDAQ:RWAY)

US Bancorp DE decreased its position in Runway Growth Finance Corp. (NASDAQ:RWAY - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,217 shares of the company's stock after selling 44,445 shares during the quarter. US Bancorp DE owned about 0.20% of Runway Growth Finance worth $824,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Runway Growth Finance by 5.8% during the third quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company's stock valued at $13,747,000 after purchasing an additional 73,200 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Runway Growth Finance in the 3rd quarter worth about $1,770,000. HTLF Bank lifted its stake in Runway Growth Finance by 135.7% in the 4th quarter. HTLF Bank now owns 88,720 shares of the company's stock worth $972,000 after acquiring an additional 51,071 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in Runway Growth Finance in the 4th quarter worth about $916,000. Finally, Atria Wealth Solutions Inc. lifted its stake in Runway Growth Finance by 53.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company's stock worth $820,000 after acquiring an additional 26,093 shares in the last quarter. Institutional investors and hedge funds own 64.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RWAY shares. Wells Fargo & Company increased their price objective on 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. upped their target price on Runway Growth Finance from $10.50 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.04.

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Runway Growth Finance Stock Performance

Shares of RWAY stock traded up $0.15 during mid-day trading on Friday, reaching $10.97. The stock had a trading volume of 177,303 shares, compared to its average volume of 310,785. The firm's 50 day simple moving average is $11.33 and its 200 day simple moving average is $10.75. 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 Corp. has a one year low of $9.87 and a one year high of $13.50. The firm has a market cap of $409.70 million, a PE ratio of 10.55 and a beta of 0.59.

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.