Allium Financial Advisors LLC Sells 57,119 Shares of Runway Growth Finance Corp. $RWAY

Allium Financial Advisors LLC cut its position in Runway Growth Finance Corp. (NASDAQ:RWAY) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 963,973 shares of the company’s stock after selling 57,119 shares during the quarter. Runway Growth Finance accounts for about 7.6% of Allium Financial Advisors LLC’s portfolio, making the stock its 3rd largest holding. Allium Financial Advisors LLC owned about 2.66% of Runway Growth Finance worth $10,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its stake in Runway Growth Finance by 117.4% in the first quarter. Quarry LP now owns 5,979 shares of the company’s stock valued at $62,000 after acquiring an additional 3,229 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Runway Growth Finance by 131.7% in the 1st quarter. AlphaQuest LLC now owns 14,722 shares of the company’s stock valued at $152,000 after purchasing an additional 8,369 shares during the last quarter. PharVision Advisers LLC raised its holdings in shares of Runway Growth Finance by 63.8% during the 1st quarter. PharVision Advisers LLC now owns 16,894 shares of the company’s stock worth $175,000 after buying an additional 6,578 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Runway Growth Finance during the 1st quarter worth $218,000. Finally, Royal Bank of Canada boosted its stake in Runway Growth Finance by 52.3% in the first quarter. Royal Bank of Canada now owns 21,252 shares of the company’s stock valued at $220,000 after buying an additional 7,299 shares in the last quarter. Institutional investors own 64.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RWAY. B. Riley boosted their target price on Runway Growth Finance from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. lowered their price objective on shares of Runway Growth Finance from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. UBS Group dropped their price objective on shares of Runway Growth Finance from $12.50 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Runway Growth Finance in a research report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH upgraded shares of Runway Growth Finance to a “hold” rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Runway Growth Finance has a consensus rating of “Hold” and an average target price of $11.10.

Runway Growth Finance Trading Down 0.5%

NASDAQ RWAY opened at $9.16 on Friday. The firm has a market capitalization of $330.95 million, a PE ratio of 6.23 and a beta of 0.67. The business’s 50-day moving average price is $9.68 and its two-hundred day moving average price is $10.23. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.91. Runway Growth Finance Corp. has a 12 month low of $8.35 and a 12 month high of $11.73.

Runway Growth Finance (NASDAQ:RWAY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Runway Growth Finance had a return on equity of 11.94% and a net margin of 38.92%.The company had revenue of $36.75 million for the quarter, compared to analyst estimates of $35.11 million. On average, analysts expect that Runway Growth Finance Corp. will post 1.67 EPS for the current year.

Runway Growth Finance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, November 17th were given a $0.33 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.4%. Runway Growth Finance’s payout ratio is 89.80%.

Runway Growth Finance Profile

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.