Analysts Set Runway Growth Finance Corp. (NASDAQ:RWAY) Price Target at $12.04

Shares of Runway Growth Finance Corp. (NASDAQ:RWAY) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.04.

A number of research analysts have issued reports on RWAY shares. Wells Fargo & Company upped their price objective on 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. increased their price target on shares of Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd.

Runway Growth Finance Stock Performance

RWAY stock opened at $11.63 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm has a market cap of $434.35 million, a PE ratio of 11.18 and a beta of 0.59. The business has a 50 day moving average of $11.18 and a 200-day moving average of $10.69. Runway Growth Finance has a 12-month low of $9.87 and a 12-month high of $13.74.

Institutional Investors Weigh In On Runway Growth Finance

Several large investors have recently added to or reduced their stakes in the business. Quest Partners LLC bought a new position in Runway Growth Finance in the 3rd quarter worth about $92,000. Crewe Advisors LLC bought a new position in shares of Runway Growth Finance in the third quarter worth approximately $1,770,000. Quantbot Technologies LP raised its stake in Runway Growth Finance by 640.1% in the third quarter. Quantbot Technologies LP now owns 15,593 shares of the company’s stock valued at $160,000 after purchasing an additional 13,486 shares in the last quarter. Townsquare Capital LLC lifted its position in Runway Growth Finance by 5.2% during 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 last quarter. Finally, Verition Fund Management LLC purchased a new position in Runway Growth Finance in the 3rd quarter worth approximately $165,000. Institutional investors own 64.61% of the company’s stock.

Runway Growth Finance Company 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.