October 7, 2022

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The Business Effect

$19.24 Million in Sales Expected for Runway Growth Finance Corp (NASDAQ:RWAY) This Quarter

Equities research analysts predict that Runway Growth Finance Corp (NASDAQ:RWAYGet Rating) will post $19.24 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Runway Growth Finance’s earnings, with estimates ranging from $18.96 million to $19.44 million. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Runway Growth Finance will report full-year sales of $93.26 million for the current financial year, with estimates ranging from $89.75 million to $95.27 million. For the next fiscal year, analysts expect that the business will post sales of $141.16 million, with estimates ranging from $120.56 million to $152.27 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Runway Growth Finance.

Runway Growth Finance (NASDAQ:RWAYGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. Runway Growth Finance had a net margin of 63.93% and a return on equity of 7.32%.

A number of research analysts have weighed in on RWAY shares. B. Riley raised their price objective on shares of Runway Growth Finance from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Monday, February 28th. Zacks Investment Research upgraded shares of Runway Growth Finance from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, March 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $15.31.

NASDAQ RWAY traded up $0.02 on Friday, hitting $13.95. 217 shares of the company were exchanged, compared to its average volume of 109,071. Runway Growth Finance has a 12 month low of $11.84 and a 12 month high of $14.92. The stock’s fifty day moving average is $13.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.13.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Tuesday, March 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date was Monday, March 7th. This is an increase from Runway Growth Finance’s previous quarterly dividend of $0.25.

In other Runway Growth Finance news, CEO R David Spreng purchased 5,000 shares of the firm’s stock in a transaction on Thursday, March 10th. The shares were purchased at an average cost of $12.35 per share, with a total value of $61,750.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ocm Growth Holdings Llc bought 20,800 shares of the firm’s stock in a transaction that occurred on Monday, February 7th. The stock was purchased at an average cost of $13.10 per share, for a total transaction of $272,480.00. The disclosure for this purchase can be found here. Insiders have purchased 350,525 shares of company stock valued at $2,287,541,976 in the last 90 days.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oaktree Capital Management LP purchased a new position in Runway Growth Finance during the 4th quarter valued at $256,139,000. Ares Management LLC bought a new stake in shares of Runway Growth Finance during the 4th quarter valued at $11,194,000. Ghisallo Capital Management LLC bought a new stake in shares of Runway Growth Finance during the 4th quarter valued at $4,487,000. Teacher Retirement System of Texas bought a new stake in shares of Runway Growth Finance during the 4th quarter valued at $2,885,000. Finally, HighTower Advisors LLC bought a new position in Runway Growth Finance in the 4th quarter worth about $2,441,000. 0.05% of the stock is currently owned by institutional investors.

Runway Growth Finance Company Profile (Get Rating)

Runway Growth Finance Corp. is an externally managed business development company. It focused on providing flexible capital solutions to late-stage and growth companies. Runway Growth Finance Corp. is based in WOODSIDE, Calif.

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Earnings History and Estimates for Runway Growth Finance (NASDAQ:RWAY)

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