Runway Growth Finance Corp. (NASDAQ:RWAY) Receives $12.04 Consensus Target Price from Brokerages

Runway Growth Finance Corp. (NASDAQ:RWAY) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.04.

RWAY has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted 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 note on Wednesday, January 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RWAY. Quarry LP bought a new stake in Runway Growth Finance in the fourth quarter valued at $30,000. Quest Partners LLC acquired a new position in Runway Growth Finance during the 3rd quarter worth approximately $92,000. PharVision Advisers LLC acquired a new stake in Runway Growth Finance in the fourth quarter valued at approximately $113,000. Perigon Wealth Management LLC bought a new stake in shares of Runway Growth Finance during the fourth quarter valued at approximately $114,000. Finally, Cetera Investment Advisers acquired a new position in shares of Runway Growth Finance during the fourth quarter worth approximately $114,000. 64.61% of the stock is owned by institutional investors and hedge funds.

Runway Growth Finance Stock Up 0.1 %

Shares of RWAY opened at $11.63 on Friday. The stock has a market capitalization of $434.35 million, a price-to-earnings ratio of 11.18 and a beta of 0.59. Runway Growth Finance has a 52 week low of $9.87 and a 52 week 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. The stock has a fifty day moving average of $11.18 and a 200-day moving average of $10.69.

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.