Runway Growth Finance Corp. (NASDAQ:RWAY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Runway Growth Finance Corp. (NASDAQ:RWAY) have received a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.04.

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their price target on Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th.

Runway Growth Finance Stock Up 0.4 %

Shares of NASDAQ RWAY opened at $11.62 on Friday. The business has a 50-day simple moving average of $11.16 and a two-hundred day simple moving average of $10.69. Runway Growth Finance has a 52 week low of $9.87 and a 52 week high of $13.74. The company has a market cap of $434.01 million, a P/E ratio of 11.17 and a beta of 0.59. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07.

Hedge Funds Weigh In On Runway Growth Finance

A number of large investors have recently modified their holdings of RWAY. Quarry LP purchased a new position in shares of Runway Growth Finance during the 4th quarter valued at about $30,000. Quest Partners LLC purchased a new position in shares of Runway Growth Finance during the 3rd quarter valued at about $92,000. PharVision Advisers LLC purchased a new position in shares of Runway Growth Finance during the 4th quarter valued at about $113,000. Perigon Wealth Management LLC purchased a new position in shares of Runway Growth Finance during the 4th quarter valued at about $114,000. Finally, Cetera Investment Advisers purchased a new position in shares of Runway Growth Finance during the 4th quarter valued at about $114,000. 64.61% of the stock is owned by hedge funds and other institutional investors.

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.