Runway Growth Finance Corp. (RWAY)

NASDAQ: RWAY · Real-Time Price · USD
10.55
+0.30 (2.93%)
Dec 20, 2024, 4:00 PM EST - Market closed
2.93%
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]

Industry Credit Services
Sector Financials
IPO Date Oct 21, 2021
Employees 1,050
Stock Exchange NASDAQ
Ticker Symbol RWAY
Full Company Profile

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 Statements

Analyst 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.

Price Target
$11.82
(12.04% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

Other symbols: ABABRACREAPOARESARIBDN
8 days ago - GlobeNewsWire

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...

19 days ago - Seeking Alpha

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...

22 days ago - Seeking Alpha

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.

5 weeks ago - PRNewsWire

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 ...

5 weeks ago - Seeking Alpha

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

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - PRNewsWire

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.

7 weeks ago - PRNewsWire

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...

2 months ago - GlobeNewsWire

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 months ago - GlobeNewsWire

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...

Other symbols: CIONFSKOCSLTCPCTPVG
3 months ago - Seeking Alpha

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 months ago - Seeking Alpha

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.

Other symbols: GBDCOCSL
4 months ago - Benzinga

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 - ...

4 months ago - Seeking Alpha

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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.

5 months ago - PRNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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)

6 months ago - GlobeNewsWire

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,...

6 months ago - Seeking Alpha

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...

7 months ago - Seeking Alpha

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...

8 months ago - GlobeNewsWire