$19.24 Million in Sales Expected for Runway Growth Finance Corp (NASDAQ:RWAY) This Quarter

Analysts expect Runway Growth Finance Corp (NASDAQ:RWAYGet Rating) to post $19.24 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Runway Growth Finance’s earnings, with the highest sales estimate coming in at $19.44 million and the lowest estimate coming in at $18.96 million. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Runway Growth Finance will report full year sales of $93.26 million for the current fiscal year, with estimates ranging from $89.75 million to $95.27 million. For the next year, analysts anticipate that the company will report sales of $141.16 million, with estimates ranging from $120.56 million to $152.27 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Runway Growth Finance.

Runway Growth Finance (NASDAQ:RWAYGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Runway Growth Finance had a return on equity of 7.32% and a net margin of 63.93%.

RWAY has been the subject of several research reports. Zacks Investment Research raised Runway Growth Finance from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, March 2nd. B. Riley raised their price target on Runway Growth Finance from $15.00 to $15.50 and gave the stock a “buy” rating in a report on Monday, February 28th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Runway Growth Finance presently has a consensus rating of “Buy” and a consensus target price of $15.31.

Shares of Runway Growth Finance stock traded up $0.02 on Friday, hitting $13.95. The company had a trading volume of 217 shares, compared to its average volume of 109,071. Runway Growth Finance has a 1 year low of $11.84 and a 1 year high of $14.92. The stock’s 50 day simple moving average is $13.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.13.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Shareholders of record on Tuesday, March 8th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 7.74%. This is a boost from Runway Growth Finance’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 7th.

In related news, CEO R David Spreng purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were purchased at an average cost of $12.35 per share, with a total value of $61,750.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ocm Growth Holdings Llc purchased 20,800 shares of the company’s stock in a transaction dated Monday, February 7th. The stock was bought at an average cost of $13.10 per share, for a total transaction of $272,480.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 350,525 shares of company stock worth $2,287,541,976.

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of Runway Growth Finance in the 4th quarter worth approximately $296,000. Geode Capital Management LLC purchased a new position in Runway Growth Finance in the 4th quarter worth approximately $206,000. Marshall Wace LLP purchased a new stake in shares of Runway Growth Finance in the 4th quarter worth $161,000. BlackRock Inc. purchased a new stake in shares of Runway Growth Finance in the 4th quarter worth $25,000. Finally, Oaktree Capital Management LP purchased a new stake in shares of Runway Growth Finance in the 4th quarter worth $256,139,000. 0.05% of the stock is currently owned by hedge funds and other institutional investors.

Runway Growth Finance Company Profile (Get Rating)

Runway Growth Finance Corp. is an externally managed business development company. It focused on providing flexible capital solutions to late-stage and growth companies. Runway Growth Finance Corp. is based in WOODSIDE, Calif.

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Earnings History and Estimates for Runway Growth Finance (NASDAQ:RWAY)

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