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

Runway Growth Finance (NASDAQ:RWAY) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Runway Growth Finance to post earnings of $0.46 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Runway Growth Finance (NASDAQ:RWAY) last announced its earnings results on Thursday, March 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The firm had revenue of $39.23 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.45 EPS. 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

RWAY opened at $13.03 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $527.85 million, a PE ratio of 11.85 and a beta of 0.65. The business has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $12.71. Runway Growth Finance has a 1 year low of $10.47 and a 1 year high of $13.74.

Runway Growth Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.28%. Runway Growth Finance’s payout ratio is presently 145.45%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Oppenheimer reiterated a “market perform” rating on shares of Runway Growth Finance in a research note on Friday, March 8th. LADENBURG THALM/SH SH downgraded Runway Growth Finance from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. JPMorgan Chase & Co. cut Runway Growth Finance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $13.50 to $12.50 in a report on Friday, March 8th. UBS Group decreased their price target on Runway Growth Finance from $15.00 to $13.50 and set a “buy” rating on the stock in a research report on Monday, March 18th. Finally, TheStreet cut shares of Runway Growth Finance from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and one has issued 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.

Insider Buying and Selling at Runway Growth Finance

In other Runway Growth Finance news, insider Thomas B. Raterman acquired 20,460 shares of Runway Growth Finance stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $11.61 per share, with a total value of $237,540.60. Following the completion of the purchase, the insider now directly owns 179,965 shares of the company’s stock, valued at approximately $2,089,393.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas B. Raterman acquired 20,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $11.61 per share, for a total transaction of $237,540.60. Following the acquisition, the insider now owns 179,965 shares in the company, valued at $2,089,393.65. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Runway Growth Finance Company 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.