Brokerages Set Runway Growth Finance Corp. (NASDAQ:RWAY) Price Target at $15.38

Shares of Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.38.

A number of equities research analysts recently issued reports on the stock. B. Riley upped their price objective on shares of Runway Growth Finance from $15.00 to $15.50 and gave the company a “buy” rating in a report on Monday, February 28th. Zacks Investment Research lowered shares of Runway Growth Finance from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Runway Growth Finance in a report on Friday, April 22nd. They issued a “buy” rating and a $15.50 price objective for the company.

Shares of NASDAQ RWAY opened at $13.44 on Friday. The firm has a 50-day simple moving average of $13.85 and a 200-day simple moving average of $13.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.13. Runway Growth Finance has a 52 week low of $11.84 and a 52 week high of $14.92.

Runway Growth Finance (NASDAQ:RWAY – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $19.26 million during the quarter, compared to analysts’ expectations of $19.20 million. Runway Growth Finance had a net margin of 52.70% and a return on equity of 7.71%. Analysts anticipate that Runway Growth Finance will post 1.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Tuesday, May 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.93%. The ex-dividend date of this dividend is Monday, May 9th. This is a positive change from Runway Growth Finance’s previous quarterly dividend of $0.27.

In other Runway Growth Finance news, Director Ocm Growth Holdings Llc acquired 11,461 shares of the stock in a transaction dated Friday, February 18th. The stock was acquired at an average price of $13.61 per share, with a total value of $155,984.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R David Spreng acquired 5,000 shares of the stock in a transaction dated Thursday, March 10th. The stock was acquired at an average cost of $12.35 per share, with a total value of $61,750.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 84,980 shares of company stock valued at $1,117,146.

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Runway Growth Finance in the fourth quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Runway Growth Finance in the first quarter valued at approximately $35,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Runway Growth Finance in the first quarter valued at approximately $161,000. Bulldog Investors LLP acquired a new stake in Runway Growth Finance in the fourth quarter valued at approximately $154,000. Finally, Marshall Wace LLP acquired a new stake in Runway Growth Finance in the fourth quarter valued at approximately $161,000.

Runway Growth Finance Company Profile (Get Rating)

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late/growth stage venture companies.

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