Runway Growth Finance (NASDAQ:RWAY) Rating Increased to Hold at Wall Street Zen

Posted by Brian Himes on Aug 9th, 2026

Wall Street Zen upgraded shares of Runway Growth Finance (NASDAQ:RWAY – Free Report) from a sell rating to a hold rating in a report released on Saturday.

A number of other research firms have also recently weighed in on RWAY. Weiss Ratings cut Runway Growth Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Bank of America cut Runway Growth Finance from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $9.00 to $5.50 in a research note on Monday, June 15th. Wells Fargo & Company decreased their price target on Runway Growth Finance to $6.50 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of Runway Growth Finance from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $8.20.

View Our Latest Stock Report on Runway Growth Finance

Runway Growth Finance Price Performance

Shares of NASDAQ:RWAY opened at $6.84 on Friday. The company has a 50-day simple moving average of $5.68 and a 200-day simple moving average of $6.83. Runway Growth Finance has a one year low of $5.19 and a one year high of $11.20. 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 market capitalization of $290.49 million, a price-to-earnings ratio of 62.19 and a beta of 0.66.

Runway Growth Finance (NASDAQ:RWAY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. The firm had revenue of $37.03 million for the quarter, compared to analyst estimates of $31.06 million. Runway Growth Finance had a return on equity of 11.93% and a net margin of 5.82%. On average, analysts predict that Runway Growth Finance will post 1.22 EPS for the current year.

Runway Growth Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, August 17th. This represents a $1.32 annualized dividend and a yield of 19.3%. Runway Growth Finance’s payout ratio is presently -1,466.67%.

Institutional Trading of Runway Growth Finance

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Runway Growth Finance in the second quarter valued at approximately $663,000. Perigon Wealth Management LLC purchased a new position in Runway Growth Finance in the second quarter worth $56,000. Evanson Financial LLC acquired a new stake in Runway Growth Finance in the second quarter valued at $844,000. PVG Asset Management Corp lifted its holdings in Runway Growth Finance by 29.2% in the first quarter. PVG Asset Management Corp now owns 89,549 shares of the company’s stock valued at $615,000 after acquiring an additional 20,260 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Runway Growth Finance by 16.5% during the 1st quarter. Royal Bank of Canada now owns 21,917 shares of the company’s stock worth $151,000 after purchasing an additional 3,110 shares during the period. 64.61% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Runway Growth Finance

Here are the key news stories impacting Runway Growth Finance this week:

Positive Sentiment: BC Partners to buy up to 10% of the company: Runway outlined purchases of as much as 10% of its shares over two years while the stock trades below 70% of net asset value. The potential buying could provide price support and signals confidence in the company’s valuation. BC Partners purchase plan
Positive Sentiment: Second-quarter results exceeded expectations: RWAY reported earnings of $0.43 per share versus the $0.29 analyst consensus, while revenue reached $37.03 million compared with estimates of $31.06 million. Earnings also increased from $0.38 per share a year earlier, although the company continued to report a negative net margin. Second-quarter 2026 results
Positive Sentiment: High dividend remains attractive to income investors: The company declared a quarterly dividend of $0.33 per share, payable August 31 to shareholders of record August 17. The indicated annualized yield is approximately 22.1%, though investors will continue to monitor whether earnings and portfolio performance can sustain that payout. RWAY dividend announcement
Neutral Sentiment: Leadership expanded: Runway Growth Capital appointed Michael Rovner as co-chief executive officer and co-chief investment officer alongside founder David Spreng. Rovner brings more than 30 years of experience in growth lending, private credit, and technology, potentially strengthening investment and operating leadership, but the immediate financial impact is uncertain. Michael Rovner appointment

About Runway Growth Finance

(Get 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.