Runway Growth Finance Corp. (NASDAQ:RWAY) CEO R David Spreng Acquires 9,596 Shares

Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) CEO R David Spreng bought 9,596 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was purchased at an average price of $11.34 per share, with a total value of $108,818.64. Following the completion of the purchase, the chief executive officer now directly owns 113,332 shares in the company, valued at approximately $1,285,184.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Runway Growth Finance Stock Performance

Runway Growth Finance stock traded down $0.23 during trading hours on Friday, hitting $11.15. The company had a trading volume of 323,242 shares, compared to its average volume of 126,318. The firm has a market cap of $451.69 million, a PE ratio of 13.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.75 and a quick ratio of 0.75. Runway Growth Finance Corp. has a one year low of $10.53 and a one year high of $14.92. The firm has a 50-day moving average of $12.71 and a 200 day moving average of $12.24.

Runway Growth Finance Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Tuesday, March 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a yield of 11.2%. Runway Growth Finance’s dividend payout ratio is currently 200.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Highlander Capital Management LLC bought a new position in Runway Growth Finance in the 4th quarter valued at about $35,000. Jane Street Group LLC bought a new position in Runway Growth Finance in the 4th quarter valued at about $221,000. Man Group plc bought a new position in Runway Growth Finance in the 4th quarter valued at about $439,000. Atom Investors LP bought a new position in Runway Growth Finance in the 4th quarter valued at about $938,000. Finally, Putnam Investments LLC raised its holdings in Runway Growth Finance by 4.5% in the 4th quarter. Putnam Investments LLC now owns 18,756 shares of the company’s stock valued at $217,000 after acquiring an additional 807 shares during the period. 61.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on shares of Runway Growth Finance from $14.50 to $14.00 and set an “overweight” rating for the company in a research note on Monday, February 27th.

Runway Growth Finance Company Profile

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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.