Marshall Wace LLP Takes Position in Runway Growth Finance Corp. (NASDAQ:RWAY)

Marshall Wace LLP acquired a new position in Runway Growth Finance Corp. (NASDAQ:RWAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 166,745 shares of the company’s stock, valued at approximately $1,828,000.

Several other institutional investors also recently bought and sold shares of RWAY. Jump Financial LLC lifted its holdings in shares of Runway Growth Finance by 76.7% in the 4th quarter. Jump Financial LLC now owns 19,744 shares of the company’s stock worth $216,000 after buying an additional 8,572 shares during the period. XTX Topco Ltd raised its holdings in shares of Runway Growth Finance by 212.7% in the fourth quarter. XTX Topco Ltd now owns 68,607 shares of the company’s stock valued at $752,000 after acquiring an additional 46,664 shares in the last quarter. Townsquare Capital LLC lifted its stake in Runway Growth Finance by 10.1% in the fourth quarter. Townsquare Capital LLC now owns 64,873 shares of the company’s stock worth $711,000 after acquiring an additional 5,958 shares during the period. Raymond James Financial Inc. bought a new position in Runway Growth Finance during the 4th quarter worth about $734,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Runway Growth Finance during the 4th quarter valued at about $291,000. 64.61% of the stock is currently owned by hedge funds and other institutional investors.

Runway Growth Finance Stock Performance

RWAY opened at $9.25 on Monday. The company has a market cap of $345.46 million, a P/E ratio of 8.89 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average price is $10.29 and its 200-day moving average price is $10.62. Runway Growth Finance Corp. has a 52-week low of $8.35 and a 52-week high of $13.50.

Runway Growth Finance (NASDAQ:RWAY) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $33.78 million during the quarter, compared to analysts’ expectations of $36.10 million. Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. As a group, equities analysts anticipate that Runway Growth Finance Corp. will post 1.67 EPS for the current fiscal year.

Runway Growth Finance Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.03 dividend. The ex-dividend date was Monday, March 31st. This represents a yield of 15.1%. Runway Growth Finance’s dividend payout ratio (DPR) is presently 69.11%.

Analyst Upgrades and Downgrades

RWAY has been the subject of several research reports. Compass Point upped their price target on shares of Runway Growth Finance from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their target price on Runway Growth Finance from $10.50 to $9.00 and set a “neutral” rating for the company in a report on Thursday. UBS Group cut their price target on Runway Growth Finance from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company raised their price objective on Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Runway Growth Finance has a consensus rating of “Moderate Buy” and a consensus price target of $11.42.

Runway Growth Finance Company Profile

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.