Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) insider Thomas B. Raterman acquired 6,700 shares of the company's stock in a transaction on Thursday, December 15th. The shares were bought at an average cost of $11.86 per share, with a total value of $79,462.00. Following the acquisition, the insider now directly owns 98,447 shares in the company, valued at $1,167,581.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Runway Growth Finance Price Performance
Runway Growth Finance stock opened at $12.11 on Monday. The firm has a market capitalization of $490.75 million, a PE ratio of 14.59 and a beta of 0.71. Runway Growth Finance Corp. has a 12-month low of $10.76 and a 12-month high of $14.92. The firm has a 50-day moving average price of $12.09 and a 200-day moving average price of $12.26. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.
Get Runway Growth Finance alerts:Runway Growth Finance (NASDAQ:RWAY – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $27.33 million during the quarter, compared to the consensus estimate of $27.82 million. Runway Growth Finance had a net margin of 37.01% and a return on equity of 8.89%. As a group, equities research analysts forecast that Runway Growth Finance Corp. will post 1.4 EPS for the current year.
Runway Growth Finance Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 11.89%. This is an increase from Runway Growth Finance's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, November 7th. Runway Growth Finance's dividend payout ratio (DPR) is 173.50%.Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Mariner Investment Group LLC boosted its position in Runway Growth Finance by 87.1% in the 2nd quarter. Mariner Investment Group LLC now owns 26,634 shares of the company's stock valued at $301,000 after buying an additional 12,397 shares during the period. US Bancorp DE grew its stake in Runway Growth Finance by 13.5% in the second quarter. US Bancorp DE now owns 2,144,616 shares of the company's stock worth $24,255,000 after purchasing an additional 255,383 shares in the last quarter. B. Riley Wealth Management Inc. purchased a new position in Runway Growth Finance during the 1st quarter worth $213,000. Edge Capital Group LLC raised its position in Runway Growth Finance by 1.4% during the 2nd quarter. Edge Capital Group LLC now owns 68,019 shares of the company's stock valued at $769,000 after purchasing an additional 945 shares in the last quarter. Finally, Virtus ETF Advisers LLC purchased a new stake in shares of Runway Growth Finance in the 3rd quarter worth $134,000. 63.22% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
RWAY has been the subject of several research analyst reports. B. Riley raised their price target on Runway Growth Finance from $12.50 to $13.50 and gave the company a "buy" rating in a report on Monday, October 31st. Hovde Group increased their price objective on shares of Runway Growth Finance to $14.50 in a research report on Tuesday, November 15th. Finally, Wells Fargo & Company boosted their target price on shares of Runway Growth Finance from $13.50 to $14.00 and gave the stock an "overweight" rating in a report on Monday, October 24th.
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.
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