B. Riley Weighs in on Runway Growth Finance Corp.’s Q1 2023 Earnings (NASDAQ:RWAY)

Runway Growth Finance Corp. (NASDAQ:RWAYGet Rating) – Research analysts at B. Riley issued their Q1 2023 EPS estimates for shares of Runway Growth Finance in a note issued to investors on Friday, September 16th. B. Riley analyst B. Rowe anticipates that the company will post earnings per share of $0.36 for the quarter. B. Riley currently has a “Buy” rating and a $12.50 price objective on the stock. The consensus estimate for Runway Growth Finance’s current full-year earnings is $1.39 per share. B. Riley also issued estimates for Runway Growth Finance’s Q2 2023 earnings at $0.38 EPS and Q4 2023 earnings at $0.42 EPS.

Runway Growth Finance Stock Performance

Shares of NASDAQ:RWAY opened at $12.00 on Monday. The firm has a fifty day moving average of $12.70 and a two-hundred day moving average of $13.04. The firm has a market capitalization of $489.12 million and a P/E ratio of 14.12. Runway Growth Finance has a 12-month low of $10.76 and a 12-month high of $14.92. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.39.

Runway Growth Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 11.00%. The ex-dividend date of this dividend was Monday, August 8th. This is a positive change from Runway Growth Finance’s previous quarterly dividend of $0.30. Runway Growth Finance’s payout ratio is presently 155.29%.

Insider Activity at Runway Growth Finance

In other Runway Growth Finance news, Director John F. Engel acquired 8,178 shares of Runway Growth Finance stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $12.23 per share, with a total value of $100,016.94. Following the purchase, the director now owns 8,178 shares in the company, valued at $100,016.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Runway Growth Finance news, Director John F. Engel acquired 8,178 shares of Runway Growth Finance stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $12.23 per share, with a total value of $100,016.94. Following the purchase, the director now owns 8,178 shares in the company, valued at $100,016.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R David Spreng acquired 5,000 shares of Runway Growth Finance stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average cost of $11.75 per share, with a total value of $58,750.00. Following the purchase, the chief executive officer now owns 49,604 shares in the company, valued at approximately $582,847. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 15,178 shares of company stock valued at $183,887. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RWAY. HighTower Advisors LLC acquired a new position in Runway Growth Finance during the 4th quarter worth $2,441,000. Bulldog Investors LLP acquired a new position in Runway Growth Finance during the 4th quarter worth $154,000. Ghisallo Capital Management LLC acquired a new position in Runway Growth Finance during the 4th quarter worth $4,487,000. Ares Management LLC acquired a new position in Runway Growth Finance during the 4th quarter worth $11,194,000. Finally, Greenwich Investment Management Inc. acquired a new position in Runway Growth Finance during the 4th quarter worth $826,000. Institutional investors and hedge funds own 63.22% of the company’s stock.

About Runway Growth Finance

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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.

See Also

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

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