R David Spreng Purchases 9,596 Shares of Runway Growth Finance Corp. (NASDAQ:RWAY) Stock

Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) CEO R David Spreng purchased 9,596 shares of Runway Growth Finance stock in a transaction that occurred on Thursday, March 16th. The stock was purchased at an average cost of $11.34 per share, for a total transaction of $108,818.64. Following the completion of the purchase, the chief executive officer now owns 113,332 shares of the company’s stock, valued at $1,285,184.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Runway Growth Finance Trading Down 2.0 %

NASDAQ RWAY opened at $11.15 on Friday. Runway Growth Finance Corp. has a 12 month low of $10.53 and a 12 month high of $14.92. The stock has a market cap of $451.69 million, a P/E ratio of 13.94 and a beta of 0.80. The stock’s fifty day moving average price is $12.71 and its 200-day moving average price is $12.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.95.

Runway Growth Finance Dividend Announcement

The business also recently announced a Variable dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Tuesday, March 7th will be paid a $0.45 dividend. The ex-dividend date is Monday, March 6th. This represents a dividend yield of 11.2%. Runway Growth Finance’s dividend payout ratio is currently 200.00%.

Institutional Investors Weigh In On Runway Growth Finance

A number of institutional investors have recently modified their holdings of RWAY. Atom Investors LP purchased a new stake in shares of Runway Growth Finance in the fourth quarter worth $938,000. Ares Management LLC boosted its position in shares of Runway Growth Finance by 8.8% during the first quarter. Ares Management LLC now owns 949,550 shares of the company’s stock valued at $12,895,000 after buying an additional 76,409 shares during the last quarter. Bulldog Investors LLP boosted its position in shares of Runway Growth Finance by 32.0% during the third quarter. Bulldog Investors LLP now owns 291,902 shares of the company’s stock valued at $3,319,000 after buying an additional 70,825 shares during the last quarter. FJ Capital Management LLC purchased a new stake in shares of Runway Growth Finance during the fourth quarter valued at $779,000. Finally, HighTower Advisors LLC boosted its position in shares of Runway Growth Finance by 6.5% during the fourth quarter. HighTower Advisors LLC now owns 963,003 shares of the company’s stock valued at $11,160,000 after buying an additional 58,708 shares during the last quarter. 61.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on Runway Growth Finance from $14.50 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th.

Runway Growth Finance Company Profile

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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.