Runway Growth Finance (NASDAQ:RWAY) Posts Earnings Results, Misses Estimates By $0.02 EPS

Runway Growth Finance (NASDAQ:RWAY) announced its quarterly earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), Zacks reports. Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%.

Runway Growth Finance Stock Down 0.5 %

RWAY traded down $0.05 during trading on Thursday, hitting $10.70. The company had a trading volume of 307,661 shares, compared to its average volume of 307,873. The company has a market capitalization of $399.61 million, a PE ratio of 10.29 and a beta of 0.59. Runway Growth Finance has a one year low of $9.87 and a one year high of $13.50. The firm’s 50-day moving average price is $11.32 and its 200 day moving average price is $10.76. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

RWAY has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.75.

About Runway Growth Finance

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.