Aquatic Capital Management LLC Acquires Shares of 44,408 Runway Growth Finance Corp. (NASDAQ:RWAY)

Aquatic Capital Management LLC bought a new position in Runway Growth Finance Corp. (NASDAQ:RWAY) during the 4th quarter, Holdings Channel.com reports. The firm bought 44,408 shares of the company’s stock, valued at approximately $487,000.

Other hedge funds also recently made changes to their positions in the company. Virtus ETF Advisers LLC grew its holdings in Runway Growth Finance by 27.6% in the 4th quarter. Virtus ETF Advisers LLC now owns 118,440 shares of the company’s stock worth $1,298,000 after acquiring an additional 25,630 shares during the last quarter. Alpine Global Management LLC grew its stake in shares of Runway Growth Finance by 76.3% in the fourth quarter. Alpine Global Management LLC now owns 920,874 shares of the company’s stock worth $10,093,000 after purchasing an additional 398,547 shares during the last quarter. Stifel Financial Corp purchased a new position in Runway Growth Finance during the 4th quarter valued at about $471,000. Marshall Wace LLP bought a new position in Runway Growth Finance during the 4th quarter valued at approximately $1,828,000. Finally, Jump Financial LLC lifted its holdings in Runway Growth Finance by 76.7% in the 4th quarter. Jump Financial LLC now owns 19,744 shares of the company’s stock worth $216,000 after buying an additional 8,572 shares during the period. 64.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RWAY shares. UBS Group reduced their target price on Runway Growth Finance from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Runway Growth Finance from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. cut their target price on shares of Runway Growth Finance from $10.50 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Compass Point increased their price target on shares of Runway Growth Finance from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.08.

Runway Growth Finance Stock Up 1.4 %

NASDAQ:RWAY opened at $9.21 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average price is $10.06 and its 200-day moving average price is $10.57. The company has a market capitalization of $343.97 million, a PE ratio of 8.86 and a beta of 0.61. Runway Growth Finance Corp. has a 1-year low of $8.35 and a 1-year high of $13.50.

Runway Growth Finance (NASDAQ:RWAY) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. The business had revenue of $33.78 million during the quarter, compared to analysts’ expectations of $36.10 million. On average, equities analysts predict that Runway Growth Finance Corp. will post 1.67 EPS for the current fiscal year.

Runway Growth Finance Announces Dividend

The business also recently disclosed a — dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.03 per share. This represents a yield of 15.1%. The ex-dividend date of this dividend was Monday, March 31st. Runway Growth Finance’s payout ratio is 69.11%.

Runway Growth Finance 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.