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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Runway Growth Finance in the last twelve months. 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.
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7 equities research analysts have issued 1 year target prices for Runway Growth Finance's shares. Their RWAY share price targets range from $12.00 to $13.75. On average, they predict the company's share price to reach $13.04 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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Runway Growth Finance's stock was trading at $12.62 at the start of the year. Since then, RWAY shares have decreased by 1.8% and is now trading at $12.39.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Runway Growth Finance will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

Runway Growth Finance declared a quarterly dividend on Thursday, February 1st. Investors of record on Monday, February 12th will be given a dividend of $0.47 per share on Wednesday, February 28th. This represents a $1.88 annualized dividend and a dividend yield of 15.17%. The ex-dividend date is Friday, February 9th.
Read our dividend analysis for RWAY.

Runway Growth Finance (NASDAQ:RWAY) pays an annual dividend of $1.60 per share and currently has a dividend yield of 12.75%. RWAY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 88.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RWAY.

ETFs with the largest weight of Runway Growth Finance (NASDAQ:RWAY) stock in their portfolio include Putnam BDC Income ETF (PBDC).Virtus Private Credit Strategy ETF (VPC).

Runway Growth Finance (RWAY) raised $104 million in an initial public offering 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.

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.
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