Thomas B. Raterman Buys 1,000 Shares of Runway Growth Finance Corp. (NASDAQ:RWAY) Stock

Runway Growth Finance Corp. (NASDAQ:RWAYGet Rating) insider Thomas B. Raterman acquired 1,000 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was purchased at an average cost of $11.36 per share, for a total transaction of $11,360.00. Following the completion of the purchase, the insider now directly owns 15,681 shares in the company, valued at approximately $178,136.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Runway Growth Finance Price Performance

Shares of NASDAQ RWAY traded down $0.16 during trading on Friday, hitting $11.51. 52,951 shares of the company were exchanged, compared to its average volume of 84,478. The company has a market cap of $469.15 million and a price-to-earnings ratio of 13.73. Runway Growth Finance Corp. has a 1 year low of $10.76 and a 1 year high of $14.92. The firm’s fifty day moving average price is $12.69 and its 200 day moving average price is $13.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.03 and a quick ratio of 1.03.

Runway Growth Finance (NASDAQ:RWAYGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Runway Growth Finance had a net margin of 39.17% and a return on equity of 8.50%. The business had revenue of $25.16 million for the quarter, compared to analyst estimates of $21.95 million. On average, sell-side analysts expect that Runway Growth Finance Corp. will post 1.37 earnings per share for the current fiscal year.

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 given a $0.33 dividend. 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. This represents a $1.32 annualized dividend and a dividend yield of 11.47%. Runway Growth Finance’s payout ratio is currently 155.29%.

Analyst Upgrades and Downgrades

Separately, B. Riley reissued a “buy” rating and issued a $12.50 price objective on shares of Runway Growth Finance in a research note on Friday, September 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $14.88.

Institutional Investors Weigh In On Runway Growth Finance

Institutional investors and hedge funds have recently made changes to their positions in the business. Oaktree Capital Management LP purchased a new position in Runway Growth Finance in the 4th quarter valued at about $256,139,000. Ares Management LLC purchased a new position in Runway Growth Finance in the 4th quarter valued at about $11,194,000. Ghisallo Capital Management LLC purchased a new position in Runway Growth Finance in the 4th quarter valued at about $4,487,000. US Bancorp DE lifted its holdings in Runway Growth Finance by 13.5% in the 2nd quarter. US Bancorp DE now owns 2,144,616 shares of the company’s stock valued at $24,255,000 after purchasing an additional 255,383 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Runway Growth Finance in the 4th quarter valued at about $1,794,000. 63.22% of the stock is currently owned by hedge funds and other institutional investors.

About Runway Growth Finance

(Get Rating)

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.

Featured Stories

Insider Buying and Selling by Quarter for Runway Growth Finance (NASDAQ:RWAY)

Receive News & Ratings for Runway Growth Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Runway Growth Finance and related companies with MarketBeat.com's FREE daily email newsletter.