Runway Growth FinanceRWAY
RWAY
About: Runway Growth Finance Corp is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company has Investments in the United States, Germany, and UK, Canada, Netherlands, with the majority of its portfolio invested in the United States.
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
180% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 10
121% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 14
27% more funds holding
Funds holding: 64 [Q3] → 81 (+17) [Q4]
19% more capital invested
Capital invested by funds: $190M [Q3] → $226M (+$35.6M) [Q4]
7.22% more ownership
Funds ownership: 47.92% [Q3] → 55.14% (+7.22%) [Q4]
93% less call options, than puts
Call options by funds: $76K | Put options by funds: $1.09M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$9
1%
downside
Avg. target
$10.50
15%
upside
High target
$12
31%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Wells Fargo Finian O'Shea 63% 1-year accuracy 38 / 60 met price target | 10%upside $10 | Overweight Maintained | 28 Apr 2025 |
JP Morgan Melissa Wedel 53% 1-year accuracy 10 / 19 met price target | 1%downside $9 | Neutral Maintained | 24 Apr 2025 |
UBS Brock Vandervliet 100% 1-year accuracy 1 / 1 met price target | 20%upside $11 | Buy Maintained | 17 Apr 2025 |
Compass Point Casey Alexander 53% 1-year accuracy 8 / 15 met price target | 31%upside $12 | Buy Maintained | 1 Apr 2025 |
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
Runway Growth Finance: We Finally See Some Positive Momentum (Rating Upgrade)
Runway Growth Finance's price has fallen over 28% in the past year, with a current dividend yield of 16% despite a recent cut. The portfolio focuses on technology debt investments, with 88% in senior secured first lien investments to mitigate risk. Improved credit quality, reduced non-accruals, and decreased PIK interest indicate better portfolio health, justifying a hold rating.
Neutral
GlobeNewsWire
1 week ago
Runway Growth Finance Corp. Provides First Quarter 2025 Portfolio Update
Completed Three Investments in Existing Portfolio Companies Representing $50.7 Million in Funded Loans Completed Three Investments in Existing Portfolio Companies Representing $50.7 Million in Funded Loans
Positive
Seeking Alpha
1 month ago
Yield-Hunting Part 15: Runway Growth Finance And Its Close To 8% YTM Baby Bond
Runway Growth Finance offers an attractive yield, with a solid credit score, making it a compelling low-duration investment pick. Runway Growth Finance's portfolio is well diversified, primarily in application software, and has a total asset value of approximately $1.08 billion. Despite a high expense ratio and some debt structure issues, RWAY maintains strong profitability and asset quality metrics.
Neutral
GlobeNewsWire
1 month ago
Runway Growth Extends Credit Facility and Enhances Governance Profile
MENLO PARK, Calif., March 21, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided two operational updates. On March 18, 2025, the Company amended and extended its credit agreement with KeyBank National Association (“KeyBank”). In addition, the Board of Directors (the “Board”) has also expanded the size of the Board from five members to eight members, as previously disclosed.
Neutral
Seeking Alpha
1 month ago
Runway Growth Finance Corp. (RWAY) Q4 2024 Earnings Call Transcript
Runway Growth Finance Corp. (NASDAQ:RWAY ) Q4 2024 Earnings Conference Call March 20, 2024 5:00 PM ET Company Participants Quinlan Abel - Assistant VP, IR David Spreng - Chairman and CEO Greg Greifeld - CIO, Runway Growth Capital Tom Raterman - CFO and COO Conference Call Participants Casey Alexander - Compass Point Research & Trading Finian O'Shea - Wells Fargo Melissa Wedel - JPMorgan Cory Johnson - UBS Erik Zwick - Lucid Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to the Runway Growth Finance Fourth Quarter and Fiscal Year Ended 2024 Earnings Conference Call. Please be advised that today's conference is being recorded.
Neutral
Zacks Investment Research
1 month ago
Runway Growth Finance Corp. (RWAY) Misses Q4 Earnings and Revenue Estimates
Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.45 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year 2024 Financial Results
Delivered Total and Net Investment Income of $33.8 million and $14.6 million, Respectively Investment Portfolio of $1.1 billion Conference Call Today, Thursday, March 20, 2025 at 5:00 p.m. ET MENLO PARK, Calif.
Neutral
PRNewsWire
2 months ago
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.
Positive
Seeking Alpha
2 months ago
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 technical pressure due to OCM's large ownership and sales, but BCP Credit's involvement could stabilize the stock closer to its NAV. RWAY's portfolio shows strong credit acumen with low default rates and high yields, but its stock performance hinges on portfolio stability and dividend sustainability.
Neutral
PRNewsWire
2 months ago
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 its clients MENLO PARK, Calif. , Feb. 6, 2025 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced its role as the lead lender in a $75 million senior secured term loan facility that is part of a $120 million financing to Piano , a global leader in digital experience management, customer journey orchestration, and advanced analytics.
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