Runway Growth Finance (RWAY) Scheduled to Post Quarterly Earnings on Tuesday

Runway Growth Finance (NASDAQ:RWAY) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Runway Growth Finance (NASDAQ:RWAY) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The company had revenue of $39.23 million during the quarter, compared to analyst estimates of $40.26 million. Runway Growth Finance had a return on equity of 13.85% and a net margin of 27.00%. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts expect Runway Growth Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Runway Growth Finance Stock Performance

NASDAQ:RWAY opened at $12.79 on Tuesday. The company has a 50 day simple moving average of $12.54 and a two-hundred day simple moving average of $12.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.51 and a current ratio of 0.51. Runway Growth Finance has a fifty-two week low of $10.47 and a fifty-two week high of $13.74. The company has a market capitalization of $518.12 million, a PE ratio of 11.63 and a beta of 0.69.

Runway Growth Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.88 annualized dividend and a yield of 14.70%. Runway Growth Finance’s payout ratio is 145.45%.

Insider Buying and Selling at Runway Growth Finance

In other Runway Growth Finance news, CEO R David Spreng acquired 5,000 shares of Runway Growth Finance stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $11.88 per share, for a total transaction of $59,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 64,532 shares of the company’s stock, valued at $766,640.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Thomas B. Raterman bought 20,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $11.61 per share, with a total value of $237,540.60. Following the completion of the transaction, the insider now directly owns 179,965 shares in the company, valued at $2,089,393.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R David Spreng purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of $11.88 per share, with a total value of $59,400.00. Following the completion of the transaction, the chief executive officer now directly owns 64,532 shares in the company, valued at approximately $766,640.16. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on RWAY shares. UBS Group decreased their price target on Runway Growth Finance from $15.00 to $13.50 and set a “buy” rating for the company in a report on Monday, March 18th. LADENBURG THALM/SH SH cut Runway Growth Finance from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. B. Riley lowered Runway Growth Finance from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.50 to $13.50 in a research note on Friday, March 8th. TheStreet downgraded shares of Runway Growth Finance from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. downgraded shares of Runway Growth Finance from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $13.50 to $12.50 in a research report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Runway Growth Finance presently has an average rating of “Hold” and an average price target of $13.25.

About Runway Growth Finance

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.