Runway Growth Finance Corp. (RWAY)
Market Cap | 394.02M |
Revenue (ttm) | 150.08M |
Net Income (ttm) | 40.60M |
Shares Out | 37.35M |
EPS (ttm) | 1.02 |
PE Ratio | 10.29 |
Forward PE | 6.59 |
Dividend | $0.40 (3.79%) |
Ex-Dividend Date | Nov 18, 2024 |
Volume | 2,607,595 |
Open | 10.22 |
Previous Close | 10.25 |
Day's Range | 10.20 - 10.55 |
52-Week Range | 9.87 - 13.74 |
Beta | 0.51 |
Analysts | Buy |
Price Target | 11.82 (+12.04%) |
Earnings Date | Nov 12, 2024 |
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 $11.82, which is an increase of 12.04% from the latest price.
News
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...
Runway Growth Finance: Weakening Distribution Coverage (Downgrade)
Runway Growth Finance's Q2 earnings report revealed underperformance, with net investment income at $0.37 per share, insufficient to cover the $0.40 dividend, likely leading to a distribution cut. The...
3 Great High-Yield Stocks Courtesy Of The Most Important Financial Event Of 1990
One of the most critical events in the history of finance happened back in 1990. It was the culmination of a transformative two-decade journey that forever changed the way companies are financed.
Runway Growth Finance Corp. (RWAY) Q2 2024 Earnings Call Transcript
Runway Growth Finance Corp. (NASDAQ:RWAY) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Quinlan Abel - IR David Spreng - Chairman, President and CEO Greg Greifeld - ...
Runway Growth Finance Corp. Reports Second Quarter 2024 Financial Results
Delivered Total and Net Investment Income of $34.2 million and $14.6 million, Respectively Investment Portfolio of $1.1 billion Conference Call Today, Thursday, August 8, 2024 at 5:00 p.m. ET MENLO PA...
Runway Growth Finance Corp. Announces Third Quarter Regular Dividend of $0.40 and $0.05 Supplemental Distribution
MENLO PARK, Calif., July 31, 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...
Runway Growth Capital Provides Additional $20 Million Growth Investment to Elevate
Building on a previous commitment of $40 million provided by Runway in 2023, the funding will enable Elevate's continued growth and innovation in legal software and services. MENLO PARK, Calif.
Runway Growth Finance Corp. Provides Second Quarter 2024 Portfolio Update
MENLO PARK, Calif., July 11, 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...
Runway Growth Finance Corp. Announces Date for Second Quarter 2024 Financial Results and Conference Call
MENLO PARK, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies...
ONWARD® Medical Obtains Debt Financing with up to €52.5 Million Secured Loan from Runway Growth Capital LLC
THIS PRESS RELEASE CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE (7)(1) OF THE EUROPEAN MARKET ABUSE REGULATION (596/2014)
Runway Growth Finance: Right Moment To Step Away From This BDC
Runway Growth Finance is a VC-focused BDC for which I issued a bull thesis in December 2023. Since then, RWAY has experienced a rather volatile ride and underperformed the BDC market. In this article,...
Runway Growth Finance: Solid BDC But Stagnant NAV Due To Decreased Venture Deals
Runway Growth Finance is a business development company that focuses on late-stage growth companies and venture capital. RWAY has a high dividend yield of 13.6%, making it appealing for investors prio...
Runway Growth Finance Corp. Announces Pricing of Secondary Offering of Common Stock by Selling Stockholder
MENLO PARK, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (the “Company” or Runway Growth”), a specialty finance company focused on providing senior secured loans...