Runway Growth Finance (RWAY) to Release Earnings on Tuesday

Runway Growth Finance (NASDAQ:RWAY) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Runway Growth Finance to post earnings of $0.46 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Runway Growth Finance (NASDAQ:RWAY) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). Runway Growth Finance had a return on equity of 13.85% and a net margin of 27.00%. The business had revenue of $39.23 million during the quarter, compared to analysts’ expectations of $40.26 million. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts expect Runway Growth Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Runway Growth Finance Stock Up 0.9 %

Shares of NASDAQ RWAY opened at $13.03 on Friday. The stock has a market cap of $527.85 million, a PE ratio of 11.85 and a beta of 0.65. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93. Runway Growth Finance has a 12-month low of $10.47 and a 12-month high of $13.74. The company has a 50-day moving average of $12.49 and a 200 day moving average of $12.71.

Runway Growth Finance Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.28%. The ex-dividend date is Thursday, May 9th. Runway Growth Finance’s dividend payout ratio is currently 145.45%.

Insider Buying and Selling at Runway Growth Finance

In related news, CEO R David Spreng acquired 5,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $11.88 per share, with a total value of $59,400.00. Following the transaction, the chief executive officer now owns 64,532 shares of the company’s stock, valued at approximately $766,640.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Thomas B. Raterman bought 20,460 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $11.61 per share, with a total value of $237,540.60. Following the purchase, the insider now directly owns 179,965 shares of the company’s stock, valued at approximately $2,089,393.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R David Spreng acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of $11.88 per share, with a total value of $59,400.00. Following the purchase, the chief executive officer now directly owns 64,532 shares in the company, valued at approximately $766,640.16. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RWAY shares. B. Riley downgraded Runway Growth Finance from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.50 to $13.50 in a research report on Friday, March 8th. TheStreet cut shares of Runway Growth Finance from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. cut shares of Runway Growth Finance from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $13.50 to $12.50 in a research report on Friday, March 8th. Oppenheimer reiterated a “market perform” rating on shares of Runway Growth Finance in a report on Friday, March 8th. Finally, LADENBURG THALM/SH SH downgraded shares of Runway Growth Finance from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.25.

About Runway Growth Finance

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.