Bard Associates Inc. Has $3.11 Million Holdings in Runway Growth Finance Corp. (NASDAQ:RWAY)

Bard Associates Inc. decreased its position in Runway Growth Finance Corp. (NASDAQ:RWAY) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 284,036 shares of the company’s stock after selling 3,500 shares during the quarter. Bard Associates Inc. owned 0.76% of Runway Growth Finance worth $3,113,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. HTLF Bank raised its position in Runway Growth Finance by 135.7% in the 4th quarter. HTLF Bank now owns 88,720 shares of the company’s stock valued at $972,000 after buying an additional 51,071 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Runway Growth Finance by 5.8% during the 3rd quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company’s stock worth $13,747,000 after acquiring an additional 73,200 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Runway Growth Finance by 53.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company’s stock valued at $820,000 after purchasing an additional 26,093 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Runway Growth Finance in the third quarter worth $1,770,000. Finally, Round Rock Advisors LLC acquired a new position in Runway Growth Finance during the fourth quarter worth $386,000. 64.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Runway Growth Finance presently has a consensus rating of “Hold” and an average target price of $12.04.

Runway Growth Finance Trading Down 1.1 %

Shares of NASDAQ:RWAY opened at $11.38 on Tuesday. Runway Growth Finance Corp. has a 52-week low of $9.87 and a 52-week high of $13.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $425.01 million, a P/E ratio of 10.94 and a beta of 0.59. The company has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $10.73.

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.