Runway Growth Finance (NASDAQ:RWAY) Price Target Raised to $12.00 at Wells Fargo & Company

Runway Growth Finance (NASDAQ:RWAY) had its target price lifted by equities researchers at Wells Fargo & Company from $11.00 to $12.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 4.48% from the company’s current price.

Runway Growth Finance Trading Down 0.5 %

RWAY stock traded down $0.06 during trading on Wednesday, hitting $11.49. The company had a trading volume of 19,227 shares, compared to its average volume of 220,431. 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 stock has a market cap of $428.96 million, a PE ratio of 11.04 and a beta of 0.58. The business has a 50-day moving average of $10.82 and a 200-day moving average of $10.72. Runway Growth Finance has a one year low of $9.87 and a one year high of $13.74.

Hedge Funds Weigh In On Runway Growth Finance

Several hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC raised 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 valued at $13,747,000 after purchasing an additional 73,200 shares in the last quarter. Crewe Advisors LLC bought a new stake in Runway Growth Finance in the third quarter valued at $1,770,000. HTLF Bank raised its stake in Runway Growth Finance by 135.7% in the fourth quarter. HTLF Bank now owns 88,720 shares of the company’s stock worth $972,000 after buying an additional 51,071 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of Runway Growth Finance in the 4th quarter valued at approximately $916,000. Finally, Townsquare Capital LLC boosted its holdings in shares of Runway Growth Finance by 5.2% during the 3rd quarter. Townsquare Capital LLC now owns 58,915 shares of the company’s stock valued at $606,000 after buying an additional 2,914 shares in the last quarter. 64.61% of the stock is currently owned by hedge funds and other institutional investors.

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.