Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) insider Thomas B. Raterman acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were bought at an average cost of $11.35 per share, with a total value of $34,050.00. Following the completion of the transaction, the insider now directly owns 19,681 shares in the company, valued at approximately $223,379.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Runway Growth Finance Stock Performance
Shares of RWAY stock traded down $0.23 during trading hours on Friday, reaching $11.15. 323,242 shares of the company’s stock were exchanged, compared to its average volume of 126,318. The company has a market cap of $451.69 million, a P/E ratio of 13.94 and a beta of 0.80. The company’s 50 day moving average is $12.71 and its two-hundred day moving average is $12.24. Runway Growth Finance Corp. has a 1 year low of $10.53 and a 1 year high of $14.92. 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 Announces Dividend
The firm also recently announced a Variable dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Tuesday, March 7th will be paid a dividend of $0.45 per share. This represents a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, March 6th. Runway Growth Finance’s dividend payout ratio (DPR) is 200.00%.
Analyst Ratings Changes
Hedge Funds Weigh In On Runway Growth Finance
A number of large investors have recently modified their holdings of the business. Putnam Investments LLC raised its stake in shares of Runway Growth Finance by 4.5% during the 4th quarter. Putnam Investments LLC now owns 18,756 shares of the company’s stock worth $217,000 after buying an additional 807 shares in the last quarter. Riverbridge Partners LLC raised its stake in shares of Runway Growth Finance by 4.4% during the 4th quarter. Riverbridge Partners LLC now owns 29,654 shares of the company’s stock worth $344,000 after buying an additional 1,261 shares in the last quarter. Advisory Research Inc. raised its stake in shares of Runway Growth Finance by 6.0% during the 2nd quarter. Advisory Research Inc. now owns 50,444 shares of the company’s stock worth $571,000 after buying an additional 2,835 shares in the last quarter. Highlander Capital Management LLC purchased a new position in shares of Runway Growth Finance during the 4th quarter worth approximately $35,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Runway Growth Finance by 342.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,960 shares of the company’s stock worth $45,000 after buying an additional 3,064 shares in the last quarter. 61.46% of the stock is owned by hedge funds and other institutional investors.
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.
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