B. Riley comments on Runway Growth Finance Corp’s Q3 2024 earnings. (NASDAQ:RWAY)

Runway Growth Finance Corp. (NASDAQ:RWAY – Free Report) – B. Riley lifted their Q3 2024 EPS estimates for Runway Growth Finance in a research report issued on Friday, August 9th. B. Riley analyst B. Rowe now anticipates that the company will earn $0.47 per share for the quarter, up from their prior estimate of $0.46. B. Riley has a “Neutral” rating and a $12.50 target price on the stock. The consensus estimate for Runway Growth Finance’s current year earnings is $1.80 per share. B. Riley also issued estimates for Runway Growth Finance’s Q4 2024 earnings at $0.48 EPS, Q3 2025 earnings at $0.39 EPS and Q4 2025 earnings at $0.42 EPS.

RWAY has been the subject of several other research reports. Wells Fargo & Company cut their price target on Runway Growth Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Compass Point cut shares of Runway Growth Finance from a “buy” rating to a “neutral” rating and set a $12.75 price target on the stock. in a research note on Wednesday, May 8th. Bank of America began coverage on shares of Runway Growth Finance in a research note on Friday, June 28th. They issued a “neutral” rating and a $12.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Runway Growth Finance from $12.50 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.38, based on data from MarketBeat.com.

Check out our latest research report on financing runway growth

Financial trading track growth down 6.7%

RWAY stock opened at $10.49 on Monday. Runway Growth Finance has a 12-month low of $10.48 and a 12-month high of $13.74. The company has a quick ratio of 0.54, a current ratio of 0.54, and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $11.73 and a 200-day moving average of $12.29. The firm has a market cap of $404.36 million, a P/E ratio of 9.54 and a beta of 0.60.

Institutional inputs and outputs

Several large investors have recently made changes to their positions in RWAY. MGO One Seven LLC grew its position in Runway Growth Finance by 28.8% in the second quarter. MGO One Seven LLC now owns 469,001 shares of the company’s stock worth $5,515,000 after purchasing an additional 104,822 shares during the period. Norden Group LLC lifted its position in Runway Growth Finance by 729.8% in the first quarter. Norden Group LLC now owns 118,650 shares of the company’s stock valued at $1,438,000 after buying an additional 104,352 shares in the last quarter. Monashee Investment Management LLC purchased a new stake in shares of Runway Growth Finance during the fourth quarter valued at about $1,158,000. Quadrature Capital Ltd raised its holdings in shares of Runway Growth Finance by 289.2% in the fourth quarter. Quadrature Capital Ltd now owns 114,105 shares of the company’s stock worth $1,439,000 after purchasing an additional 84,790 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Runway Growth Finance by 340.6% in the fourth quarter. Jump Financial LLC now owns 49,800 shares of the company’s stock worth $628,000 after buying an additional 38,497 shares during the last quarter. 64.61% of the shares are held by hedge funds and other institutional investors.

Insider Buying and Selling at Runway Growth Finance

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of Runway Growth Finance stock in a transaction on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. 1.46% of shares are currently owned by company insiders.

Runway Growth Funding Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be given a $0.45 dividend. This represents a dividend of $1.80 on an annualized basis and a yield of 17.16%. The ex-dividend date is Monday, August 12. Runway Growth Finance’s dividend payout ratio is currently 145.45%.

Company Profile Runway Growth Finance

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Runway Growth Finance Corp. is a business development company specializing in senior secured loan investments for late-stage and growth companies. It prefers to invest in companies involved in technology, life sciences, healthcare and information services, business services and certain consumer products and services sectors.

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