JPMorgan Chase & Co. Raises Runway Growth Finance (NASDAQ:RWAY) Price Target to $11.00

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

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

Runway Growth Finance Stock Down 1.0 %

Shares of RWAY traded down $0.12 during mid-day trading on Monday, hitting $11.50. 108,514 shares of the company’s stock were exchanged, compared to its average volume of 215,785. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. Runway Growth Finance has a twelve month low of $9.87 and a twelve month high of $13.74. The firm has a fifty day moving average of $10.89 and a two-hundred day moving average of $10.71. The stock has a market cap of $429.34 million, a price-to-earnings ratio of 11.08 and a beta of 0.59.

Institutional Investors Weigh In On Runway Growth Finance

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in Runway Growth Finance in the third quarter worth about $92,000. Perigon Wealth Management LLC acquired a new stake in shares of Runway Growth Finance in the 4th quarter valued at $114,000. Quantbot Technologies LP grew its holdings in shares of Runway Growth Finance by 640.1% in the 3rd quarter. Quantbot Technologies LP now owns 15,593 shares of the company’s stock worth $160,000 after purchasing an additional 13,486 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Runway Growth Finance during the 3rd quarter worth about $165,000. Finally, XTX Topco Ltd bought a new position in Runway Growth Finance during the 3rd quarter valued at about $226,000. 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.