Jump Financial LLC increased its position in Runway Growth Finance Corp. (NASDAQ:RWAY – Free Report) by 73.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,102 shares of the company’s stock after purchasing an additional 14,902 shares during the period. Jump Financial LLC owned 0.09% of Runway Growth Finance worth $426,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Runway Growth Finance by 2,238.4% in the 1st quarter. BlackRock Inc. now owns 46,488 shares of the company’s stock worth $632,000 after buying an additional 44,500 shares during the period. Ares Management LLC grew its holdings in Runway Growth Finance by 8.8% in the first quarter. Ares Management LLC now owns 949,550 shares of the company’s stock worth $12,895,000 after purchasing an additional 76,409 shares during the period. Engineers Gate Manager LP increased its stake in shares of Runway Growth Finance by 56.7% during the first quarter. Engineers Gate Manager LP now owns 27,817 shares of the company’s stock valued at $378,000 after purchasing an additional 10,068 shares in the last quarter. UBS Group AG lifted its holdings in shares of Runway Growth Finance by 14.5% during the second quarter. UBS Group AG now owns 44,251 shares of the company’s stock valued at $501,000 after purchasing an additional 5,615 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Runway Growth Finance by 104.3% in the 2nd quarter. Millennium Management LLC now owns 37,842 shares of the company’s stock worth $428,000 after purchasing an additional 19,322 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.
Runway Growth Finance Stock Up 2.0 %
RWAY stock opened at $12.79 on Tuesday. The stock has a market capitalization of $518.12 million, a P/E ratio of 12.17 and a beta of 0.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.63 and a quick ratio of 0.63. Runway Growth Finance Corp. has a 1-year low of $10.47 and a 1-year high of $14.00. The business has a fifty day moving average price of $12.25 and a 200-day moving average price of $12.13.
Runway Growth Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.80 annualized dividend and a dividend yield of 14.07%. Runway Growth Finance’s payout ratio is 155.34%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Compass Point reduced their price objective on Runway Growth Finance from $15.00 to $13.75 in a research report on Thursday, May 18th. Wells Fargo & Company downgraded Runway Growth Finance from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.25 to $12.00 in a report on Tuesday, April 18th. Finally, Janney Montgomery Scott assumed coverage on shares of Runway Growth Finance in a research note on Monday, April 24th. They issued a “neutral” rating and a $12.00 price target on the stock.
Get Our Latest Stock Analysis on RWAY
Insider Activity at Runway Growth Finance
In related news, insider Thomas B. Raterman bought 2,500 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of $10.74 per share, for a total transaction of $26,850.00. Following the purchase, the insider now owns 22,181 shares in the company, valued at $238,223.94. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.
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.
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