Perigon Wealth Management LLC Invests $114,000 in Runway Growth Finance Corp. (NASDAQ:RWAY)

Perigon Wealth Management LLC acquired a new position in Runway Growth Finance Corp. (NASDAQ:RWAY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $114,000.

Several other large investors have also recently added to or reduced their stakes in RWAY. Crewe Advisors LLC purchased a new stake in Runway Growth Finance in the third quarter valued at approximately $1,770,000. Confluence Investment Management LLC purchased a new stake in Runway Growth Finance in the fourth quarter valued at approximately $916,000. HighTower Advisors LLC grew its holdings in Runway Growth Finance by 5.8% in 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 period. XTX Topco Ltd purchased a new stake in Runway Growth Finance in the third quarter valued at approximately $226,000. Finally, Verition Fund Management LLC purchased a new stake in Runway Growth Finance in the third quarter valued at approximately $165,000. 64.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RWAY shares. JPMorgan Chase & Co. boosted their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Runway Growth Finance currently has an average rating of “Hold” and a consensus target price of $12.04.

Runway Growth Finance Stock Performance

Shares of RWAY opened at $11.46 on Tuesday. Runway Growth Finance Corp. has a 52-week low of $9.87 and a 52-week high of $13.74. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.71. The firm has a market capitalization of $428.03 million, a PE ratio of 11.02 and a beta of 0.59.

Runway Growth Finance 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.