Q4 EPS Estimates for Runway Growth Finance Cut by B. Riley

Runway Growth Finance Corp. (NASDAQ:RWAY) – Investment analysts at B. Riley decreased their Q4 2024 earnings per share (EPS) estimates for Runway Growth Finance in a research report issued on Thursday, November 14th. B. Riley analyst B. Rowe now anticipates that the company will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.48. The consensus estimate for Runway Growth Finance’s current full-year earnings is $1.67 per share.

Other analysts have also issued research reports about the stock. Compass Point upgraded shares of Runway Growth Finance from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $12.75 to $11.25 in a research report on Thursday, August 15th. JPMorgan Chase & Co. decreased their price objective on Runway Growth Finance from $12.50 to $11.50 and set a “neutral” rating on the stock in a report on Monday, July 29th. Finally, Wells Fargo & Company reduced their target price on Runway Growth Finance from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Runway Growth Finance has a consensus rating of “Hold” and a consensus price target of $11.79.

Runway Growth Finance Price Performance

NASDAQ:RWAY opened at $10.41 on Monday. The firm has a market cap of $389.33 million, a price-to-earnings ratio of 10.01 and a beta of 0.58. Runway Growth Finance has a 12-month low of $9.87 and a 12-month high of $13.74. The company has a current ratio of 0.36, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average is $10.34 and its two-hundred day moving average is $11.14.

Institutional Investors Weigh In On Runway Growth Finance

Institutional investors have recently bought and sold shares of the business. Norden Group LLC lifted its holdings in shares of Runway Growth Finance by 14.9% during the 2nd quarter. Norden Group LLC now owns 19,475 shares of the company’s stock valued at $229,000 after acquiring an additional 2,525 shares in the last quarter. Townsquare Capital LLC raised its position in Runway Growth Finance by 5.2% in the third quarter. Townsquare Capital LLC now owns 58,915 shares of the company’s stock valued at $606,000 after purchasing an additional 2,914 shares during the period. SG Americas Securities LLC lifted its stake in shares of Runway Growth Finance by 33.9% during the first quarter. SG Americas Securities LLC now owns 13,345 shares of the company’s stock worth $162,000 after purchasing an additional 3,376 shares in the last quarter. Quarry LP acquired a new position in shares of Runway Growth Finance during the second quarter worth about $53,000. Finally, Quest Partners LLC purchased a new stake in shares of Runway Growth Finance in the third quarter worth about $92,000. 64.61% of the stock is currently owned by hedge funds and other institutional investors.

Runway Growth Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 15.37%. The ex-dividend date of this dividend is Monday, November 18th. Runway Growth Finance’s dividend payout ratio is currently 153.85%.

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.