Bard Associates Inc. Sells 3,500 Shares of Runway Growth Finance Corp. (NASDAQ:RWAY)

Bard Associates Inc. cut its position in Runway Growth Finance Corp. (NASDAQ:RWAY) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 284,036 shares of the company’s stock after selling 3,500 shares during the quarter. Bard Associates Inc.’s holdings in Runway Growth Finance were worth $3,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC lifted its holdings in shares of Runway Growth Finance by 42.1% during the fourth quarter. Norden Group LLC now owns 20,208 shares of the company’s stock worth $221,000 after buying an additional 5,989 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Runway Growth Finance by 53.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 74,832 shares of the company’s stock worth $820,000 after purchasing an additional 26,093 shares in the last quarter. HTLF Bank boosted its holdings in Runway Growth Finance by 135.7% in the 4th quarter. HTLF Bank now owns 88,720 shares of the company’s stock valued at $972,000 after purchasing an additional 51,071 shares during the period. Round Rock Advisors LLC acquired a new position in shares of Runway Growth Finance during the 4th quarter worth approximately $386,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Runway Growth Finance during the fourth quarter worth approximately $114,000. 64.61% of the stock is owned by institutional investors and hedge funds.

Runway Growth Finance Stock Performance

NASDAQ RWAY opened at $11.38 on Tuesday. The firm’s 50 day simple moving average is $11.30 and its 200 day simple moving average is $10.73. The firm has a market capitalization of $425.01 million, a price-to-earnings ratio of 10.94 and a beta of 0.59. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. Runway Growth Finance Corp. has a 1 year low of $9.87 and a 1 year high of $13.52.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RWAY. Wells Fargo & Company boosted their price target on Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Runway Growth Finance has an average rating of “Hold” and an average price target of $12.04.

Runway Growth Finance 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.