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

Runway Growth Finance Corp. (NASDAQ:RWAY) has received an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.04.

A number of equities analysts recently weighed in on RWAY shares. Wells Fargo & Company increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd.

Runway Growth Finance Stock Performance

NASDAQ:RWAY opened at $11.34 on Friday. 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 stock has a market capitalization of $423.51 million, a P/E ratio of 10.90 and a beta of 0.59. The company has a 50 day moving average price of $11.24 and a 200 day moving average price of $10.70. Runway Growth Finance has a fifty-two week low of $9.87 and a fifty-two week high of $13.61.

Hedge Funds Weigh In On Runway Growth Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RWAY. Quarry LP purchased a new position in Runway Growth Finance in the 4th quarter valued at approximately $30,000. Quest Partners LLC purchased a new stake in shares of Runway Growth Finance during the 3rd quarter worth $92,000. PharVision Advisers LLC purchased a new stake in shares of Runway Growth Finance during the 4th quarter worth $113,000. Perigon Wealth Management LLC purchased a new stake in shares of Runway Growth Finance during the 4th quarter worth $114,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Runway Growth Finance during the 4th quarter worth $114,000. Hedge funds and other institutional investors own 64.61% of the company’s stock.

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.