Runway Growth Finance Corp. (NASDAQ: RWAY – Get Rating) announced a quarterly dividend on Thursday, April 28, Zacks reports. Shareholders of record on Tuesday May 10 will receive a dividend of 0.30 per share on Tuesday May 24. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 8.35%. The ex-dividend date is Monday, May 9. This is an increase from Runway Growth Finance’s previous quarterly dividend of $0.27.
The NASDAQ RWAY opened at $14.37 on Friday. The firm’s fifty-day moving average is $13.72. Runway Growth Finance has a fifty-two week low of $11.84 and a fifty-two week high of $14.92. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt ratio of 0.13.
Runway Growth Finance (NASDAQ:RWAY – Get Rating) last released its quarterly results on Thursday, March 3. The company reported EPS of $0.28 for the quarter, beating analyst consensus estimates of $0.26 by $0.02. Runway Growth Finance posted a net margin of 63.93% and a return on equity of 7.32%. As a group, sell-side analysts expect Runway Growth Finance to post 1.3 earnings per share for the current year.
Several equity research analysts have recently commented on the stock. LADENBURG THALM/SH SH assumed coverage for Runway Growth Finance shares in a Friday, April 22 research report. They set a “buy” rating and a target price of $15.50 for the company. Zacks Investment Research moved shares of Runway Growth Finance from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a Wednesday, March 2 research report. Finally, B. Riley raised his price target on Runway Growth Finance shares from $15.00 to $15.50 and gave the company a “buy” rating in a Monday, Feb. 28 research report. . Nine research analysts rated the stock with a buy rating. According to data from MarketBeat.com, the company currently has a consensus buy rating and a consensus target price of $15.33.
In a similar vein, Director Ocm Growth Holdings Llc purchased 18,231 shares of Runway Growth Finance in a trade that took place on Wednesday, February 2. The shares were purchased at an average price of $13.03 per share, for a total transaction of $237,549.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CEO R David Spreng purchased 5,000 shares of Runway Growth Finance in a trade that took place on Thursday, March 10. The shares were purchased at an average price of $12.35 per share, for a total transaction of $61,750.00. Disclosure of this purchase can be found here. Insiders have acquired 219,498 shares of the company worth $2,285,838,374 in the past 90 days.
A number of large investors have been buying and selling stocks recently. BlackRock Inc. acquired a new stake in Runway Growth Finance during the fourth quarter worth approximately $25,000. Marshall Wace LLP purchased a new stake in Runway Growth Finance during the fourth quarter worth approximately $161,000. Geode Capital Management LLC acquired a new stake in Runway Growth Finance during the fourth quarter for a value of approximately $206,000. Goldman Sachs Group Inc. acquired a new stake in Runway Growth Finance during the fourth quarter for a value of approximately $296,000. Finally, Wells Fargo & Company MN purchased a new stake in Runway Growth Finance during the fourth quarter worth approximately $359,000. 0.05% of the shares are currently held by institutional investors and hedge funds.
About Runway Growth Finance (Get a rating)
Runway Growth Finance Corp. is a business development firm specializing in investments in senior secured loans to growth-stage/development-stage venture capital firms.
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