NASDAQ:RWAY

Runway Growth Finance (RWAY) Stock Price, News & Analysis

$12.05
+0.20 (+1.69%)
(As of 01:20 PM ET)
Today's Range
$11.85
$12.21
50-Day Range
$11.56
$13.50
52-Week Range
$10.47
$13.74
Volume
297,675 shs
Average Volume
334,650 shs
Market Capitalization
$488.15 million
P/E Ratio
10.95
Dividend Yield
13.28%
Price Target
$12.85

Runway Growth Finance MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
5.9% Upside
$12.85 Price Target
Short Interest
Bearish
3.43% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Runway Growth Finance in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$11.33 M Sold Last Quarter
Proj. Earnings Growth
-1.09%
From $1.84 to $1.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.62 out of 5 stars

Finance Sector

596th out of 874 stocks

Nondepository Credit Institutions Industry

26th out of 49 stocks

RWAY stock logo

About Runway Growth Finance Stock (NASDAQ:RWAY)

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. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.

RWAY Stock Price History

RWAY Stock News Headlines

Things Are Not Normal in America – Here’s What to Do
Get Out of the Dollar Before May 15 A Wall Street legend and our friend has just warned 896,000 Americans to prepare for May 15.
Q1 2024 Runway Growth Finance Corp Earnings Call
Things Are Not Normal in America – Here’s What to Do
Get Out of the Dollar Before May 15 A Wall Street legend and our friend has just warned 896,000 Americans to prepare for May 15.
Light at the end of the runway
The Latest Analyst Ratings For Runway Gwth Fin
RWAY Oct 2024 10.000 put
Runway Growth Finance just downgraded at Ladenburg, here's why
Runway Growth Finance just downgraded at B. Riley, here's why
See More Headlines
Receive RWAY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Runway Growth Finance and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/28 Dividend
2/09/2024
Dividend Payable
2/28/2024
Last Earnings
3/07/2024
Today
5/09/2024
Ex-Dividend for 5/24 Dividend
5/09/2024
Dividend Payable
5/24/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:RWAY
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.85
High Stock Price Target
$13.50
Low Stock Price Target
$12.00
Potential Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$44.34 million
Pretax Margin
27.00%

Debt

Sales & Book Value

Annual Sales
$164.21 million
Cash Flow
$1.69 per share
Book Value
$13.51 per share

Miscellaneous

Free Float
40,104,000
Market Cap
$499.08 million
Optionable
Optionable
Beta
0.65
Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

RWAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Runway Growth Finance stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Runway Growth Finance in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RWAY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RWAY, but not buy additional shares or sell existing shares.
View RWAY analyst ratings
or view top-rated stocks.

What is Runway Growth Finance's stock price target for 2024?

7 Wall Street analysts have issued 12 month price objectives for Runway Growth Finance's shares. Their RWAY share price targets range from $12.00 to $13.50. On average, they predict the company's share price to reach $12.85 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for RWAY
or view top-rated stocks among Wall Street analysts.

How have RWAY shares performed in 2024?

Runway Growth Finance's stock was trading at $12.62 on January 1st, 2024. Since then, RWAY stock has decreased by 3.9% and is now trading at $12.13.
View the best growth stocks for 2024 here
.

When is Runway Growth Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our RWAY earnings forecast
.

How were Runway Growth Finance's earnings last quarter?

Runway Growth Finance Corp. (NASDAQ:RWAY) posted its quarterly earnings data on Thursday, March, 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.04. The company had revenue of $39.23 million for the quarter, compared to analysts' expectations of $40.26 million. Runway Growth Finance had a net margin of 27.00% and a trailing twelve-month return on equity of 13.85%. During the same quarter in the prior year, the firm earned $0.45 EPS.

How often does Runway Growth Finance pay dividends? What is the dividend yield for Runway Growth Finance?

Runway Growth Finance declared a quarterly dividend on Tuesday, April 30th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.40 per share on Friday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.19%. The ex-dividend date is Thursday, May 9th.
Read our dividend analysis for RWAY
.

Is Runway Growth Finance a good dividend stock?

Runway Growth Finance (NASDAQ:RWAY) pays an annual dividend of $1.60 per share and currently has a dividend yield of 12.28%. RWAY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 145.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RWAY will have a dividend payout ratio of 87.91% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RWAY.

What ETFs hold Runway Growth Finance's stock?
When did Runway Growth Finance IPO?

Runway Growth Finance (RWAY) raised $104 million in an IPO on Thursday, October 21st 2021. The company issued 6,900,000 shares at a price of $14.60-$15.60 per share. J.P. Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank served as the underwriters for the IPO and Oppenheimer & Co., B. Riley Securities, Compass Point and Hovde Group, LLC were co-managers.

Who are Runway Growth Finance's major shareholders?

Runway Growth Finance's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.66%), Norden Group LLC (0.29%), Norden Group LLC (0.04%) and SG Americas Securities LLC (0.03%). Insiders that own company stock include John F Engel, Multi-Strategy Mast Brookfield, Ocm Growth Holdings Llc, R David Spreng and Thomas B Raterman.
View institutional ownership trends
.

How do I buy shares of Runway Growth Finance?

Shares of RWAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RWAY) was last updated on 5/9/2024 by MarketBeat.com Staff

From Our Partners