Fox Run Management L.L.C. Buys Shares of 25,064 Runway Growth Finance Corp. (NASDAQ:RWAY)

Fox Run Management L.L.C. bought a new position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY) in the fourth quarter, HoldingsChannel reports. The firm bought 25,064 shares of the company’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Atria Wealth Solutions Inc. increased its stake in shares of Runway Growth Finance by 53.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company’s stock worth $820,000 after purchasing an additional 26,093 shares in the last quarter. HTLF Bank grew its holdings in Runway Growth Finance by 135.7% during 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 increased its position in Runway Growth Finance by 5.8% during the third quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company’s stock worth $13,747,000 after buying an additional 73,200 shares in the last quarter. Round Rock Advisors LLC acquired a new position in shares of Runway Growth Finance in the fourth quarter worth $386,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of Runway Growth Finance in the fourth quarter valued at $916,000. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Wall Street Analysts Forecast Growth

RWAY has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on shares of Runway Growth Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.65.

Runway Growth Finance Stock Up 1.7 %

Shares of NASDAQ:RWAY opened at $10.85 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm has a market cap of $405.21 million, a price-to-earnings ratio of 10.43 and a beta of 0.59. The stock’s 50-day moving average price is $11.26 and its two-hundred day moving average price is $10.76. Runway Growth Finance Corp. has a 12-month low of $9.87 and a 12-month high of $13.50.

Runway Growth Finance (NASDAQ:RWAY) last released its earnings results on Thursday, March 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. The company had revenue of $33.78 million during the quarter, compared to analyst estimates of $36.10 million. On average, research analysts forecast that Runway Growth Finance Corp. will post 1.67 EPS for the current year.

Runway Growth Finance Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 15.1%. Runway Growth Finance’s dividend payout ratio is presently 69.11%.

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.