Runway Growth Finance Corp. (NASDAQ:RWAY) Receives Average Rating of “Hold” from Analysts

Shares of Runway Growth Finance Corp. (NASDAQ:RWAY) have earned an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.04.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On Runway Growth Finance

Several institutional investors and hedge funds have recently bought and sold shares of RWAY. Quarry LP acquired a new position in Runway Growth Finance during the fourth quarter worth approximately $30,000. Quest Partners LLC acquired a new position in Runway Growth Finance during the third quarter worth approximately $92,000. PharVision Advisers LLC acquired a new position in Runway Growth Finance during the fourth quarter worth approximately $113,000. Perigon Wealth Management LLC acquired a new position in Runway Growth Finance during the fourth quarter worth approximately $114,000. Finally, Cetera Investment Advisers acquired a new position in Runway Growth Finance during the fourth quarter worth approximately $114,000. Institutional investors and hedge funds own 64.61% of the company’s stock.

Runway Growth Finance Stock Down 1.3 %

Shares of NASDAQ:RWAY opened at $11.34 on Friday. The company has a market cap of $423.51 million, a price-to-earnings ratio of 10.90 and a beta of 0.59. Runway Growth Finance has a fifty-two week low of $9.87 and a fifty-two week high of $13.61. The firm’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $10.70. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07.

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.