What is B. Riley’s Forecast for RWAY FY2024 Earnings?

Runway Growth Finance Corp. (NASDAQ:RWAY) – Analysts at B. Riley decreased their FY2024 earnings estimates for shares of Runway Growth Finance in a research note issued on Thursday, November 14th. B. Riley analyst B. Rowe now forecasts that the company will post earnings per share of $1.66 for the year, down from their prior forecast of $1.78. The consensus estimate for Runway Growth Finance’s current full-year earnings is $1.72 per share. B. Riley also issued estimates for Runway Growth Finance’s Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS and Q4 2025 earnings at $0.40 EPS.

RWAY has been the topic of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Runway Growth Finance from $12.50 to $11.50 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company decreased their target price on shares of Runway Growth Finance from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, Compass Point upgraded Runway Growth Finance from a “neutral” rating to a “buy” rating and cut their price target for the company from $12.75 to $11.25 in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.79.

Runway Growth Finance Stock Up 0.1 %

RWAY stock opened at $10.41 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.63. The company’s 50 day simple moving average is $10.35 and its 200-day simple moving average is $11.16. Runway Growth Finance has a 12 month low of $9.87 and a 12 month high of $13.74. The firm has a market capitalization of $389.33 million, a PE ratio of 10.01 and a beta of 0.58.

Institutional Investors Weigh In On Runway Growth Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new position in shares of Runway Growth Finance in the 3rd quarter valued at about $1,770,000. MGO One Seven LLC boosted its stake 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 valued at $5,515,000 after acquiring an additional 104,822 shares during the period. HighTower Advisors LLC grew its holdings in shares of Runway Growth Finance by 5.8% during the third quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company’s stock valued at $13,747,000 after purchasing an additional 73,200 shares during the last quarter. HTLF Bank acquired a new stake in shares of Runway Growth Finance during the 2nd quarter worth approximately $439,000. Finally, Tidal Investments LLC bought a new stake in shares of Runway Growth Finance in the 1st quarter worth approximately $323,000. Institutional investors own 64.61% of the company’s stock.

Runway Growth Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 15.37%. The ex-dividend date of this dividend is Monday, November 18th. Runway Growth Finance’s dividend payout ratio (DPR) is currently 153.85%.

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.