B. Riley Upgrades Runway Growth Finance (NASDAQ:RWAY) to “Strong-Buy”

Runway Growth Finance (NASDAQ:RWAY) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports. B. Riley also issued estimates for Runway Growth Finance’s Q1 2026 earnings at $0.38 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.39 EPS and FY2026 earnings at $1.53 EPS.

A number of other brokerages have also recently issued reports on RWAY. UBS Group dropped their price objective on Runway Growth Finance from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reissued an “equal weight” rating and issued a $9.50 price target (down from $10.00) on shares of Runway Growth Finance in a report on Wednesday, May 28th. Compass Point raised their price objective on shares of Runway Growth Finance from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased 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 report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Runway Growth Finance has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

Runway Growth Finance Stock Performance

Shares of RWAY stock opened at $10.16 on Monday. Runway Growth Finance has a 12 month low of $8.35 and a 12 month high of $12.09. The stock has a market capitalization of $379.48 million, a P/E ratio of 6.12 and a beta of 0.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $9.53 and its 200 day moving average is $10.44.

Runway Growth Finance (NASDAQ:RWAY) last posted its earnings results on Monday, May 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $35.40 million for the quarter, compared to the consensus estimate of $33.83 million. Runway Growth Finance had a return on equity of 11.95% and a net margin of 45.30%. On average, sell-side analysts anticipate that Runway Growth Finance will post 1.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC lifted its position in Runway Growth Finance by 2.7% during the first quarter. HighTower Advisors LLC now owns 1,245,645 shares of the company’s stock valued at $12,892,000 after purchasing an additional 33,268 shares during the last quarter. North Ground Capital increased its stake in Runway Growth Finance by 23.9% in the first quarter. North Ground Capital now owns 1,050,000 shares of the company’s stock valued at $10,868,000 after acquiring an additional 202,338 shares during the last quarter. Allium Financial Advisors LLC bought a new position in Runway Growth Finance in the first quarter valued at $10,568,000. Alpine Global Management LLC boosted its holdings in shares of Runway Growth Finance by 76.3% in the 4th 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 in the last quarter. Finally, CF Capital LLC purchased a new position in shares of Runway Growth Finance in the 4th quarter worth about $9,290,000. Hedge funds and other 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.