B. Riley Predicts Weaker Earnings for Runway Growth Finance

Runway Growth Finance Corp. (NASDAQ:RWAY) – Investment analysts at B. Riley cut their Q4 2024 earnings estimates for shares of Runway Growth Finance in a research report issued on Thursday, November 14th. B. Riley analyst B. Rowe now anticipates that the company will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.48. The consensus estimate for Runway Growth Finance’s current full-year earnings is $1.67 per share.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered their price objective on Runway Growth Finance from $12.50 to $11.50 and set a “neutral” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company reduced their target price on Runway Growth Finance from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Compass Point upgraded shares of Runway Growth Finance from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $12.75 to $11.25 in a research note on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Runway Growth Finance has an average rating of “Hold” and a consensus price target of $11.79.

Runway Growth Finance Stock Up 0.1 %

Shares of Runway Growth Finance stock opened at $10.41 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.63. Runway Growth Finance has a 1-year low of $9.87 and a 1-year high of $13.74. The business has a 50-day moving average of $10.34 and a 200-day moving average of $11.14. The company has a market capitalization of $389.33 million, a PE ratio of 10.01 and a beta of 0.58.

Hedge Funds Weigh In On Runway Growth Finance

A number of hedge funds have recently added to or reduced their stakes in the business. MGO One Seven LLC lifted its position in shares of Runway Growth Finance by 28.8% in the 2nd quarter. MGO One Seven LLC now owns 469,001 shares of the company’s stock worth $5,515,000 after buying an additional 104,822 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Runway Growth Finance by 33.9% in the first quarter. SG Americas Securities LLC now owns 13,345 shares of the company’s stock worth $162,000 after acquiring an additional 3,376 shares during the last quarter. Tidal Investments LLC acquired a new position in Runway Growth Finance in the first quarter valued at approximately $323,000. Norden Group LLC grew its holdings in shares of Runway Growth Finance by 14.9% during the second quarter. Norden Group LLC now owns 19,475 shares of the company’s stock valued at $229,000 after purchasing an additional 2,525 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Runway Growth Finance by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 38,018 shares of the company’s stock worth $461,000 after purchasing an additional 12,937 shares during the period. Institutional investors and hedge funds own 64.61% of the company’s stock.

Runway Growth Finance Cuts Dividend

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

About Runway Growth Finance

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.