Runway Growth Finance (NASDAQ:RWAY – Free Report) had its price target upped by JPMorgan Chase & Co. from $10.50 to $11.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
Separately, Wells Fargo & Company raised their price target on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Runway Growth Finance presently has a consensus rating of “Hold” and an average price target of $12.04.
Get Our Latest Analysis on RWAY
Runway Growth Finance Stock Down 1.3 %
Institutional Investors Weigh In On Runway Growth Finance
A number of institutional investors have recently added to or reduced their stakes in RWAY. Quest Partners LLC acquired a new stake in shares of Runway Growth Finance during the 3rd quarter valued at about $92,000. Perigon Wealth Management LLC bought a new position in shares of Runway Growth Finance in the fourth quarter worth about $114,000. Quantbot Technologies LP raised its position in Runway Growth Finance by 640.1% in the 3rd quarter. Quantbot Technologies LP now owns 15,593 shares of the company’s stock worth $160,000 after purchasing an additional 13,486 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Runway Growth Finance during the third quarter valued at $165,000. Finally, XTX Topco Ltd acquired a new position in Runway Growth Finance during the 3rd quarter valued at about $226,000. 64.61% of the stock is owned by institutional investors and hedge funds.
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.
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