Runway Growth Finance (NASDAQ:RWAY) Given New $10.50 Price Target at JPMorgan Chase & Co.

Runway Growth Finance (NASDAQ:RWAY) had its price target trimmed by JPMorgan Chase & Co. from $11.00 to $10.50 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Wells Fargo & Company upped their price target on Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.65.

Runway Growth Finance Stock Performance

Shares of RWAY stock opened at $10.59 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. Runway Growth Finance has a fifty-two week low of $9.87 and a fifty-two week high of $13.50. The stock’s 50-day moving average is $11.31 and its two-hundred day moving average is $10.76. The firm has a market cap of $395.50 million, a P/E ratio of 10.18 and a beta of 0.59.

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

Runway Growth Finance Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 15.1%. Runway Growth Finance’s payout ratio is 83.77%.

Institutional Trading of Runway Growth Finance

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Runway Growth Finance during the 4th quarter valued at approximately $30,000. Quest Partners LLC bought a new stake in Runway Growth Finance during the 3rd quarter valued at approximately $92,000. Perigon Wealth Management LLC bought a new stake in Runway Growth Finance during the 4th quarter valued at approximately $114,000. PharVision Advisers LLC bought a new stake in Runway Growth Finance during the 4th quarter valued at approximately $113,000. Finally, Cetera Investment Advisers bought a new stake in Runway Growth Finance during the 4th quarter valued at approximately $114,000. Institutional investors own 64.61% of the company’s stock.

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.