Sound Income Strategies LLC Grows Stake in Runway Growth Finance Corp. $RWAY

Posted by Francis Steltz on Jul 3rd, 2026

Sound Income Strategies LLC raised its holdings in shares of Runway Growth Finance Corp. (NASDAQ:RWAY – Free Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,843,232 shares of the company’s stock after purchasing an additional 171,872 shares during the period. Sound Income Strategies LLC owned 5.10% of Runway Growth Finance worth $12,534,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RWAY. North Ground Capital boosted its position in shares of Runway Growth Finance by 102.5% in the 4th quarter. North Ground Capital now owns 1,569,050 shares of the company’s stock worth $14,012,000 after purchasing an additional 794,050 shares in the last quarter. Bulldog Investors LLP grew its stake in Runway Growth Finance by 15.3% during the 4th quarter. Bulldog Investors LLP now owns 1,200,872 shares of the company’s stock worth $10,724,000 after buying an additional 159,588 shares during the last quarter. UBS Group AG increased its position in Runway Growth Finance by 57.0% during the 4th quarter. UBS Group AG now owns 638,503 shares of the company’s stock valued at $5,702,000 after buying an additional 231,744 shares in the last quarter. Two Sigma Investments LP increased its position in Runway Growth Finance by 7.2% during the 3rd quarter. Two Sigma Investments LP now owns 602,410 shares of the company’s stock valued at $6,120,000 after buying an additional 40,354 shares in the last quarter. Finally, Ares Management LLC raised its stake in Runway Growth Finance by 26.9% in the fourth quarter. Ares Management LLC now owns 553,123 shares of the company’s stock valued at $4,939,000 after buying an additional 117,238 shares during the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Runway Growth Finance Stock Performance

Shares of RWAY opened at $5.49 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50-day moving average of $6.16 and a two-hundred day moving average of $7.46. The stock has a market cap of $233.16 million, a P/E ratio of -61.00 and a beta of 0.66. Runway Growth Finance Corp. has a one year low of $5.21 and a one year high of $11.40.

Runway Growth Finance (NASDAQ:RWAY – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Runway Growth Finance had a negative net margin of 2.00% and a positive return on equity of 10.87%. The firm had revenue of $29.45 million during the quarter, compared to analyst estimates of $29.46 million. As a group, research analysts predict that Runway Growth Finance Corp. will post 1.23 EPS for the current year.

Runway Growth Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 24.0%. The ex-dividend date was Monday, May 18th. Runway Growth Finance’s dividend payout ratio is -1,466.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RWAY shares. Weiss Ratings lowered Runway Growth Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Wall Street Zen lowered shares of Runway Growth Finance from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. B. Riley Financial lowered their target price on shares of Runway Growth Finance from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of Runway Growth Finance from $9.50 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Wells Fargo & Company cut their price target on shares of Runway Growth Finance to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.20.

Read Our Latest Report on Runway Growth Finance

Runway Growth Finance Company Profile

(Free Report)

Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second‐lien financings, convertible notes and equity co‐investments designed to extend the cash runway for late‐stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation‐driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager.