Runway Growth Finance Corp. (NASDAQ:RWAY – Get Ranking) has been specified an common ranking of “Buy” by the 8 exploration firms that are presently masking the enterprise, MarketBeat Ratings reviews. 7 expenditure analysts have rated the inventory with a get recommendation. The average 12 thirty day period focus on cost amongst brokerages that have up to date their protection on the inventory in the last yr is $15.25.
RWAY has been the issue of a selection of analysis reviews. Hovde Team lowered their cost aim on Runway Development Finance to $13.50 in a exploration report on Friday, Might 20th. LADENBURG THALM/SH SH initiated protection on Runway Development Finance in a research report on Friday, April 22nd. They issued a “buy” ranking and a $15.50 selling price goal for the business.
Runway Advancement Finance Stock Down .3 %
Shares of NASDAQ:RWAY opened at $12.98 on Thursday. Runway Advancement Finance has a twelve thirty day period minimal of $10.76 and a twelve thirty day period superior of $14.92. The company has a personal debt-to-equity ratio of .26, a fast ratio of .74 and a latest ratio of .74. The business enterprise has a fifty day shifting ordinary of $12.45 and a 200-working day moving ordinary of $13.13.
Runway Growth Finance (NASDAQ:RWAY – Get Ranking) past declared its earnings benefits on Thursday, Could 5th. The company reported $.30 earnings for each share for the quarter, beating analysts’ consensus estimates of $.29 by $.01. Runway Development Finance experienced a return on equity of 7.47% and a net margin of 52.70%. The enterprise had revenue of $19.26 million during the quarter, in contrast to analyst estimates of $19.20 million. Analysts forecast that Runway Expansion Finance will post 1.3 earnings for each share for the present fiscal calendar year.
Runway Expansion Finance Boosts Dividend
The small business also a short while ago declared a quarterly dividend, which will be paid out on Tuesday, August 23rd. Stockholders of report on Tuesday, August 9th will be offered a dividend of $.33 per share. This is a favourable change from Runway Expansion Finance’s prior quarterly dividend of $.30. This represents a $1.32 annualized dividend and a dividend produce of 10.17%. The ex-dividend date of this dividend is Monday, August 8th.
Insider Transactions at Runway Advancement Finance
In linked news, CEO R David Spreng bought 5,000 shares of the firm’s inventory in a transaction dated Tuesday, June 21st. The inventory was acquired at an common price of $11.75 for every share, for a total transaction of $58,750.00. Pursuing the transaction, the main govt officer now owns 49,604 shares of the company’s stock, valued at $582,847. The transaction was disclosed in a doc submitted with the SEC, which is offered by the SEC web site.
Hedge Resources Weigh In On Runway Expansion Finance
Various institutional buyers have a short while ago modified their holdings of the company. Catalyst Money Advisors LLC acquired a new posture in shares of Runway Growth Finance throughout the 1st quarter valued at about $35,000. Engineers Gate Manager LP lifted its holdings in shares of Runway Development Finance by 56.7% in the course of the 1st quarter. Engineers Gate Supervisor LP now owns 27,817 shares of the company’s inventory valued at $378,000 soon after paying for an supplemental 10,068 shares in the previous quarter. HighTower Advisors LLC lifted its holdings in shares of Runway Progress Finance by 5.9% through the 1st quarter. HighTower Advisors LLC now owns 201,549 shares of the company’s inventory valued at $2,736,000 right after purchasing an further 11,204 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new posture in shares of Runway Development Finance in the course of the 1st quarter valued at about $161,000. Ultimately, Bulldog Buyers LLP bought a new stake in Runway Progress Finance in the 4th quarter valued at around $154,000.
Runway Advancement Finance Company Profile
Runway Expansion Finance Corp. is a small business enhancement organization specializing investments in senior-secured loans to late stage, expansion phase enterprise corporations. It prefers to make investments in businesses engaged in the engineering, lifetime sciences, electronic equipment & devices. programs software package, health care devices components, storage & peripherals and specialized client services, web retail, healthcare know-how, human useful resource work providers, education, biotechnology, software software program health care and data products and services, small business providers and decide on shopper products and services and merchandise industries.
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