Runway Growth Finance Corp. (NASDAQ:RWAY) Short Interest Update

Runway Progress Finance Corp. (NASDAQ:RWAY – Get Score) noticed a major lower briefly curiosity in December. As of December fifteenth, there was brief curiosity totalling 107,600 shares, a lower of 34.4% from the November thirtieth complete of 164,100 shares. At present, 0.3% of the shares of the corporate are offered brief. Primarily based on a mean buying and selling quantity of 100,300 shares, the short-interest ratio is at the moment 1.1 days.

Insider Exercise

In different Runway Progress Finance information, CEO R David Spreng purchased 4,284 shares of Runway Progress Finance inventory in a transaction dated Friday, December sixteenth. The inventory was purchased at a mean value of $12.67 per share, with a complete worth of $54,278.28. Following the completion of the acquisition, the chief govt officer now straight owns 102,731 shares within the firm, valued at roughly $1,301,601.77. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable at this hyperlink. In different Runway Progress Finance information, insider Thomas B. Raterman purchased 6,700 shares of Runway Progress Finance inventory in a transaction dated Thursday, December fifteenth. The inventory was purchased at a mean value of $11.86 per share, with a complete worth of $79,462.00. Following the completion of the acquisition, the insider now straight owns 98,447 shares within the firm, valued at roughly $1,167,581.42. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable at this hyperlink. Additionally, CEO R David Spreng purchased 4,284 shares of Runway Progress Finance inventory in a transaction dated Friday, December sixteenth. The inventory was acquired at a mean value of $12.67 per share, with a complete worth of $54,278.28. Following the completion of the acquisition, the chief govt officer now owns 102,731 shares of the corporate’s inventory, valued at $1,301,601.77. The disclosure for this buy could be discovered right here. Insiders acquired a complete of 25,104 shares of firm inventory valued at $299,522 during the last three months. Company insiders personal 0.63% of the corporate’s inventory.

Institutional Inflows and Outflows

A number of institutional buyers have not too long ago made modifications to their positions within the firm. Tower Analysis Capital LLC TRC elevated its stake in Runway Progress Finance by 342.0% within the third quarter. Tower Analysis Capital LLC TRC now owns 3,960 shares of the corporate’s inventory valued at $45,000 after buying an extra 3,064 shares over the past quarter. Virtus ETF Advisers LLC purchased a brand new place in Runway Progress Finance within the third quarter valued at $134,000. Trexquant Funding LP purchased a brand new place in Runway Progress Finance within the third quarter valued at $173,000. B. Riley Wealth Advisors Inc. purchased a brand new place in Runway Progress Finance within the third quarter valued at $177,000. Lastly, Marshall Wace LLP purchased a brand new place in Runway Progress Finance within the third quarter valued at $197,000. Institutional buyers personal 61.46% of the corporate’s inventory.

Runway Progress Finance Value Efficiency

Shares of Runway Progress Finance inventory traded down $0.30 throughout buying and selling on Thursday, hitting $11.60. The inventory had a buying and selling quantity of 5,217 shares, in comparison with its common quantity of 184,077. The agency has a market cap of $470.03 million, a price-to-earnings ratio of 14.34 and a beta of 0.71. Runway Progress Finance has a 12 month low of $10.76 and a 12 month excessive of $14.92. The enterprise’s 50-day shifting common is $12.14 and its 200 day shifting common is $12.18. The corporate has a present ratio of 1.00, a fast ratio of 1.00 and a debt-to-equity ratio of 0.59.

Runway Progress Finance (NASDAQ:RWAY – Get Score) final launched its quarterly earnings outcomes on Thursday, November third. The corporate reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The agency had income of $27.33 million for the quarter, in comparison with analysts’ expectations of $27.82 million. Runway Progress Finance had a web margin of 37.01% and a return on fairness of 8.89%. As a gaggle, sell-side analysts anticipate that Runway Progress Finance will put up 1.4 earnings per share for the present 12 months.

Runway Progress Finance Will increase Dividend

The corporate additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, November twenty second. Stockholders of report on Tuesday, November eighth had been issued a $0.36 dividend. The ex-dividend date was Monday, November seventh. This represents a $1.44 annualized dividend and a dividend yield of 12.41%. This can be a increase from Runway Progress Finance’s earlier quarterly dividend of $0.33. Runway Progress Finance’s dividend payout ratio is presently 173.50%.

Wall Road Analyst Weigh In

A number of equities analysts not too long ago commented on the corporate. Wells Fargo & Firm upped their value goal on Runway Progress Finance from $13.50 to $14.00 and gave the corporate an “chubby” score in a analysis word on Monday, October twenty fourth. Hovde Group upped their value goal on Runway Progress Finance to $14.50 in a analysis word on Tuesday, November fifteenth. Lastly, B. Riley upped their value goal on Runway Progress Finance from $12.50 to $13.50 and gave the corporate a “purchase” score in a analysis word on Monday, October thirty first.

Runway Progress Finance Firm Profile

(Get Score)

Runway Progress Finance Corp. is a enterprise growth firm specializing investments in senior-secured loans to late stage and development firms. It prefers to make investments in firms engaged within the know-how, life sciences, healthcare and knowledge providers, enterprise providers and choose shopper providers and merchandise sectors.

Additional Studying

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