Quadrature Capital Ltd Has $1.44 Million Holdings in Runway Growth Finance Corp. (NASDAQ:RWAY)

Quadrature Capital Ltd lifted its holdings in shares of Runway Growth Finance Corp. (NASDAQ:RWAYFree Report) by 289.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 114,105 shares of the company’s stock after acquiring an additional 84,790 shares during the period. Quadrature Capital Ltd’s holdings in Runway Growth Finance were worth $1,439,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Monashee Investment Management LLC acquired a new stake in shares of Runway Growth Finance during the 4th quarter worth approximately $1,158,000. Caprock Group LLC acquired a new stake in shares of Runway Growth Finance during the 4th quarter worth approximately $126,000. Jump Financial LLC grew its position in shares of Runway Growth Finance by 340.6% during the 4th quarter. Jump Financial LLC now owns 49,800 shares of the company’s stock worth $628,000 after buying an additional 38,497 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Runway Growth Finance during the 4th quarter worth approximately $126,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Runway Growth Finance during the 4th quarter worth approximately $306,000. Institutional investors and hedge funds own 64.61% of the company’s stock.

Runway Growth Finance Stock Performance

Shares of RWAY opened at $12.07 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.54 and a current ratio of 0.54. Runway Growth Finance Corp. has a twelve month low of $11.35 and a twelve month high of $13.74. The firm’s 50 day moving average price is $12.26 and its two-hundred day moving average price is $12.62. The firm has a market cap of $476.04 million, a P/E ratio of 10.97 and a beta of 0.62.

Runway Growth Finance (NASDAQ:RWAYGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Runway Growth Finance had a net margin of 26.93% and a return on equity of 14.17%. The firm had revenue of $40.01 million for the quarter, compared to analyst estimates of $39.35 million. On average, analysts forecast that Runway Growth Finance Corp. will post 1.8 EPS for the current fiscal year.

Runway Growth Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.26%. The ex-dividend date of this dividend was Thursday, May 9th. Runway Growth Finance’s payout ratio is currently 145.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RWAY shares. LADENBURG THALM/SH SH cut shares of Runway Growth Finance from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. TheStreet cut shares of Runway Growth Finance from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Wells Fargo & Company decreased their price objective on shares of Runway Growth Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, May 8th. Oppenheimer restated a “market perform” rating on shares of Runway Growth Finance in a report on Friday, March 8th. Finally, UBS Group decreased their price objective on shares of Runway Growth Finance from $15.00 to $13.50 and set a “buy” rating for the company in a report on Monday, March 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.65.

Get Our Latest Stock Report on Runway Growth Finance

Insider Buying and Selling at Runway Growth Finance

In related news, insider Thomas B. Raterman purchased 20,460 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $11.61 per share, with a total value of $237,540.60. Following the completion of the purchase, the insider now owns 179,965 shares in the company, valued at approximately $2,089,393.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Runway Growth Finance news, insider Thomas B. Raterman acquired 20,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $11.61 per share, with a total value of $237,540.60. Following the completion of the transaction, the insider now directly owns 179,965 shares in the company, valued at approximately $2,089,393.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the sale, the director now directly owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Runway Growth Finance Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Runway Growth Finance (NASDAQ:RWAY)

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