JPMorgan Chase & Co. Issues Positive Forecast for Runway Growth Finance (NASDAQ:RWAY) Stock Price

Runway Growth Finance (NASDAQ:RWAY) had its price target increased by analysts at JPMorgan Chase & Co. from $10.50 to $11.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 4.31% from the company’s previous close.

Separately, Wells Fargo & Company lifted their price target on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Runway Growth Finance has a consensus rating of “Hold” and a consensus target price of $12.04.

Runway Growth Finance Trading Down 1.0 %

RWAY traded down $0.12 during mid-day trading on Monday, reaching $11.50. The stock had a trading volume of 108,514 shares, compared to its average volume of 215,785. The stock has a market capitalization of $429.34 million, a P/E ratio of 11.08 and a beta of 0.59. Runway Growth Finance has a 52 week low of $9.87 and a 52 week high of $13.74. 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 firm’s fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $10.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RWAY. HighTower Advisors LLC boosted its position in 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 during the last quarter. Crewe Advisors LLC acquired a new position in Runway Growth Finance during the third quarter worth $1,770,000. HTLF Bank raised its holdings in shares of 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 purchasing an additional 51,071 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Runway Growth Finance in the fourth quarter valued at approximately $916,000. Finally, Atria Wealth Solutions Inc. boosted its position in Runway Growth Finance by 53.5% during the fourth 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 during the period. Institutional investors and hedge funds own 64.61% of the company’s stock.

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.