Runway Growth Finance Corp. (RWAY)
| Market Cap | 434.35M |
| Revenue (ttm) | 150.08M |
| Net Income (ttm) | 40.60M |
| Shares Out | 37.35M |
| EPS (ttm) | 1.02 |
| PE Ratio | 11.35 |
| Forward PE | 7.20 |
| Dividend | $1.79 (15.39%) |
| Ex-Dividend Date | Nov 18, 2024 |
| Volume | 206,347 |
| Open | 11.68 |
| Previous Close | 11.62 |
| Day's Range | 11.62 - 11.73 |
| 52-Week Range | 9.87 - 13.74 |
| Beta | 0.50 |
| Analysts | Buy |
| Price Target | 11.89 (+2.24%) |
| Earnings Date | Mar 20, 2025 |
About RWAY
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. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare tec... [Read more]
Financial Performance
In 2023, Runway Growth Finance's revenue was $164.21 million, an increase of 52.40% compared to the previous year's $107.75 million. Earnings were $44.34 million, an increase of 37.49%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for RWAY stock is "Buy." The 12-month stock price forecast is $11.89, which is an increase of 2.24% from the latest price.
News
Runway Growth Capital Names Greg Greifeld Chief Investment Officer
Mr. Greifeld was elevated to CIO role after serving as Managing Director, Deputy Chief Investment Officer, and Head of Credit. MENLO PARK, Calif.
Runway Growth: In An Excellent Position To Trade Closer To NAV
BCP Credit's acquisition of Runway Capital aims to enhance deal access, capital commitment, and operational efficiency for RWAY, potentially boosting its stock performance. RWAY's stock has faced tech...
Runway Growth Capital Leads $75 Million Loan Facility as Part of $120 Million Financing for Piano
The funding will enable Piano to enhance its platform capabilities, expand its market presence, and support strategic initiatives aimed at driving growth and delivering innovative digital solutions to...
Runway Growth Finance Corp. Announces Date for Fourth Quarter and Full Year 2024 Financial Results and Conference Call
MENLO PARK, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies...
BDC Dividends: One Is Likely To Go Up, One Is About To Get Cut
BDCs are primarily income-producing assets. When the market conditions become very favorable, as in 2022/2023, BDCs can also deliver income growth and tangible price returns. Yet, the prevailing marke...
Mount Logan Capital Inc. Completes Strategic Minority Investment in Runway Growth Capital LLC
All amounts are stated in United States dollars, unless otherwise indicated All amounts are stated in United States dollars, unless otherwise indicated
Runway Growth Capital Closes Acquisition by BC Partners Credit and Mount Logan Capital
Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with the current team remaining in place Runway...
Runway Growth Finance: 14.7% Yield Should Be Safe For The Near Term (Rating Downgrade)
Despite recent headwinds and credit quality concerns, Runway Growth Finance Corp.'s 14.7% dividend yield is likely safe in the near term due to strong balance sheet and buybacks. Lower interest rates ...
Yield Hunting Part 4: 8%+ From Runway Growth Finance Baby Bonds
Runway Growth Finance Corp. offers baby bonds with yields above 8%, making them attractive for low-duration portfolios. RWAY's financial strength is comparable to that of investment-grade issuers in t...
Runway Growth Finance: Partnering With BC Partners, But Exposing Funding Issues To Be Addressed
Runway Growth Finance Corp (RWAY) is a BDC focusing on senior-secured loans to late-stage growth companies, with its manager recently acquired by BC Partners. RWAY's balance sheet shows $1 billion in ...
Runway Growth Finance Corp. Provides Fourth Quarter 2024 Portfolio Update
MENLO PARK, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growt...
Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne to Accelerate Growth and Execute a Strategic Acquisition
Funding will enable VertexOne to optimize its platform, expand market presence, and support the acquisition of Accelerated Innovations. MENLO PARK, Calif.
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
Open The Door To Venture Capital With Runway Growth Finance Corp.
Runway Growth Finance Corp. offers a unique BDC opportunity with a 15.4% annual yield, targeting late-stage VC-backed companies. RWAY's portfolio is diversified across 52 companies, primarily in the t...
Of 36 Dividend Power Dogs, 11 Are Buyable In November
Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on h...
Runway Growth Capital Provides $23 Million Growth Investment to Snap! Mobile
The funding will enable Snap! Mobile to cement its market leadership position and expand its reach to support more schools and organizations in need of effective fundraising solutions.
Runway Growth Finance Corp. (RWAY) Q3 2024 Earnings Call Transcript
Runway Growth Finance Corp. (NASDAQ:RWAY) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Quinlan Abel - Assistant VP, IR David Spreng - Chairman, President, & CEO ...
Runway Growth Finance Corp. Reports Third Quarter 2024 Financial Results
Delivered Total and Net Investment Income of $36.7 million and $15.9 million, RespectivelyInvestment Portfolio of $1.1 billionConference Call Today, Tuesday, November 12, 2024, at 5:00 p.m. ET
Runway Growth Finance Corp. Announces Fourth Quarter Regular Dividend of $0.40
MENLO PARK, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growt...
Mount Logan Capital Inc. Announces Strategic Minority Investment in Leading North American Lending Platform
BC Partners Credit agreed to indirectly acquire a majority stake in Runway Growth Capital LLC, an SEC registered investment adviser, managing approximately $1.4 billion in private credit assets
Runway Growth Capital Announces Combination with BC Partners Credit
BC Partners' credit arm to acquire Runway Growth Capital as a long-term, strategic investment, complementing BC's existing platform across private lending, opportunistic credit and specialty finance R...
Runway Growth Capital Named to Inc.'s 2024 Founder-Friendly Investors List
Runway's recognition highlights its unwavering support for entrepreneurs through minimally dilutive capital solutions. MENLO PARK, Calif.
Runway Growth Finance Corp. Announces Date for Third Quarter 2024 Financial Results and Conference Call
MENLO PARK, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies...
Runway Growth Finance Corp. Provides Third Quarter 2024 Portfolio Update
MENLO PARK, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growt...
2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
This is not the right time to take high risk in the BDC space. Yet, as it is often the case, a challenging environment creates opportunities. In this article, I elaborate on two BDCs which indeed have...