Runway Growth Finance Corp. (NASDAQ:RWAY) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in Runway Growth Finance Corp. (NASDAQ:RWAY) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,212,377 shares of the company’s stock after selling 123,676 shares during the period. HighTower Advisors LLC owned 3.25% of Runway Growth Finance worth $13,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC purchased a new stake in shares of Runway Growth Finance in the third quarter valued at about $92,000. Crewe Advisors LLC purchased a new stake in shares of Runway Growth Finance in the third quarter valued at about $1,770,000. Quantbot Technologies LP grew its holdings in shares of Runway Growth Finance by 640.1% in the third quarter. Quantbot Technologies LP now owns 15,593 shares of the company’s stock valued at $160,000 after purchasing an additional 13,486 shares during the period. Townsquare Capital LLC grew its holdings in shares of Runway Growth Finance by 5.2% in the third quarter. Townsquare Capital LLC now owns 58,915 shares of the company’s stock valued at $606,000 after purchasing an additional 2,914 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of Runway Growth Finance in the third quarter valued at about $165,000. 64.61% of the stock is currently owned by institutional investors and hedge funds.

Runway Growth Finance Trading Up 1.4 %

Shares of RWAY stock opened at $10.97 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $409.70 million, a PE ratio of 10.55 and a beta of 0.59. The company has a 50-day moving average of $11.32 and a two-hundred day moving average of $10.76. Runway Growth Finance Corp. has a 1-year low of $9.87 and a 1-year high of $13.50.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Runway Growth Finance currently has a consensus rating of “Moderate Buy” and an average price target of $12.04.

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.