Perigon Wealth Management LLC Invests $114,000 in Runway Growth Finance Corp. (NASDAQ:RWAY)

Perigon Wealth Management LLC bought a new position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $114,000.

Several other hedge funds have also recently modified their holdings of the company. Quest Partners LLC bought a new stake in Runway Growth Finance during the 3rd quarter valued at $92,000. Quantbot Technologies LP grew its position in Runway Growth Finance by 640.1% in the third quarter. Quantbot Technologies LP now owns 15,593 shares of the company’s stock worth $160,000 after acquiring an additional 13,486 shares in the last quarter. Verition Fund Management LLC purchased a new position in Runway Growth Finance in the third quarter worth $165,000. XTX Topco Ltd purchased a new stake in Runway Growth Finance during the third quarter valued at about $226,000. Finally, Tidal Investments LLC boosted its position in Runway Growth Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 44,297 shares of the company’s stock valued at $456,000 after buying an additional 3,054 shares during the period. Institutional investors own 64.61% of the company’s stock.

Analysts Set New Price Targets

RWAY has been the subject of several recent analyst reports. Wells Fargo & Company upped 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 note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Runway Growth Finance has an average rating of “Hold” and an average target price of $12.04.

Runway Growth Finance Stock Performance

Shares of NASDAQ:RWAY opened at $11.46 on Tuesday. The firm has a market cap of $428.03 million, a PE ratio of 11.02 and a beta of 0.59. The firm’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.71. Runway Growth Finance Corp. has a one year low of $9.87 and a one year 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.

Runway Growth Finance 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.