B. Riley Forecasts Weaker Earnings for Runway Growth Finance

Runway Growth Finance Corp. (NASDAQ:RWAY) – Stock analysts at B. Riley dropped their FY2024 earnings per share estimates for Runway Growth Finance in a research note issued on Thursday, November 14th. B. Riley analyst B. Rowe now anticipates that the company will post earnings per share of $1.66 for the year, down from their previous estimate of $1.78. The consensus estimate for Runway Growth Finance’s current full-year earnings is $1.72 per share. B. Riley also issued estimates for Runway Growth Finance’s Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS and Q4 2025 earnings at $0.40 EPS.

Several other brokerages also recently issued reports on RWAY. JPMorgan Chase & Co. lowered their price objective on shares of Runway Growth Finance from $12.50 to $11.50 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Compass Point upgraded shares of Runway Growth Finance from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $12.75 to $11.25 in a report on Thursday, August 15th. Finally, Wells Fargo & Company decreased their target price on Runway Growth Finance from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.79.

Runway Growth Finance Price Performance

Shares of NASDAQ:RWAY opened at $10.41 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $10.34 and a 200 day moving average price of $11.15. The company has a market cap of $389.33 million, a price-to-earnings ratio of 10.01 and a beta of 0.58. Runway Growth Finance has a twelve month low of $9.87 and a twelve month high of $13.74.

Institutional Investors Weigh In On Runway Growth Finance

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Runway Growth Finance by 33.9% during the 1st quarter. SG Americas Securities LLC now owns 13,345 shares of the company’s stock valued at $162,000 after purchasing an additional 3,376 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Runway Growth Finance by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 38,018 shares of the company’s stock worth $461,000 after acquiring an additional 12,937 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Runway Growth Finance during the first quarter worth approximately $323,000. HTLF Bank bought a new stake in shares of Runway Growth Finance during the second quarter valued at approximately $439,000. Finally, Norden Group LLC increased its holdings in shares of Runway Growth Finance by 14.9% in the second quarter. Norden Group LLC now owns 19,475 shares of the company’s stock valued at $229,000 after purchasing an additional 2,525 shares in the last quarter. Institutional investors and hedge funds own 64.61% of the company’s stock.

Runway Growth Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 15.37%. The ex-dividend date is Monday, November 18th. Runway Growth Finance’s dividend payout ratio (DPR) is 153.85%.

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.