Thomas B. Raterman Buys 1,000 Shares of Runway Growth Finance Corp. (NASDAQ:RWAY) Stock


The Runway Growth Finance Corp. insider (NASDAQ:RWAY – Get Rating), Thomas B. Raterman, acquired 1,000 shares of the company’s shares in a transaction on Friday, September 23. The stock was purchased at an average price of $11.36 per share for a total transaction of $11,360.00. Upon completion of the purchase, the insider now directly owns 15,681 shares of the company’s stock, valued at approximately $178,136.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website.

Runway Growth Finance Price Development

Shares of NASDAQ RWAY fell $0.16 during Friday trading to hit $11.51. 52,951 shares of the Company were exchanged compared to an average volume of 84,478. The company has a market cap of $469.15 million and a price-to-earnings ratio of 13.73. Runway Growth Finance Corp. has a 1-year low of $10.76 and a 1-year high of $14.92. The company’s 50-day moving average price is $12.69 and its 200-day moving average price is $13.01. The company has a gearing ratio of 0.39, a current ratio of 1.03 and a quick ratio of 1.03.

Runway Growth Finance (NASDAQ:RWAY – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.35 per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Runway Growth Finance had a net margin of 39.17% and a return on equity of 8.50%. The company had revenue of $25.16 million for the quarter, compared to analyst estimates of $21.95 million. On average, sell-side analysts expect Runway Growth Finance Corp. will post earnings per share of 1.37 for the current fiscal year.

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Runway Growth Finance raises dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Registered investors received a dividend of $0.33 on Tuesday, August 9th. The ex-dividend date of this dividend was Monday August 8th. This is a positive change from Runway Growth Finance’s previous quarterly dividend of $0.30. That equates to an annualized dividend of $1.32 and a dividend yield of 11.47%. Runway Growth Finance’s payout ratio is currently 155.29%.

Analyst upgrades and downgrades

Separately, on Friday, September 16, B. Riley issued a research note with a “buy” rating and a price target of $12.50 on shares of Runway Growth Finance. Eight investment analysts have given the stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus target of $14.88.

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Institutional investors participate in runway growth funding

Institutional investors and hedge funds have recently changed their positions in the business. Oaktree Capital Management LP acquired a new position in Runway Growth Finance valued at approximately $256,139,000 during the fourth quarter. Ares Management LLC acquired a new position in Runway Growth Finance valued at approximately $11,194,000 during the fourth quarter. Ghisallo Capital Management LLC acquired a new position in Runway Growth Finance valued at approximately $4,487,000 during the fourth quarter. US Bancorp DE increased its stake in Runway Growth Finance by 13.5% in the second quarter. US Bancorp DE now owns 2,144,616 shares of the company’s shares, valued at $24,255,000, after purchasing an additional 255,383 shares last quarter. Finally, during the fourth quarter, Laurion Capital Management LP acquired a new position in Runway Growth Finance valued at approximately $1,794,000. 63.22% of the shares are currently owned by hedge funds and other institutional investors.

About Runway Growth Finance

(received rating)

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Runway Growth Finance Corp. is a business development firm specializing in investing in senior secured loans to later stage and growth companies. He prefers to invest in companies involved in technology, life sciences, healthcare and information services, business services and select consumer services and products.

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Insider Buying and Selling by Quarter for Runway Growth Finance (NASDAQ:RWAY)

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