热门资讯> 正文
2023-02-13 10:02
Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 77,900 shares, a growth of 36.4% from the January 15th total of 57,100 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,700 shares, the days-to-cover ratio is currently 0.7 days.
Shares of RWAY traded up $0.13 during midday trading on Friday, reaching $12.93. 46,190 shares of the stock were exchanged, compared to its average volume of 61,074. Runway Growth Finance has a 12-month low of $10.76 and a 12-month high of $14.92. The firm has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $12.32. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a market cap of $523.98 million, a price-to-earnings ratio of 15.58 and a beta of 0.79.
Get Runway Growth Finance alerts:In other news, insider Thomas B. Raterman bought 6,415 shares of the firm's stock in a transaction that occurred on Tuesday, December 13th. The stock was acquired at an average price of $11.73 per share, with a total value of $75,247.95. Following the completion of the purchase, the insider now directly owns 91,747 shares of the company's stock, valued at approximately $1,076,192.31. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, CEO R David Spreng bought 4,284 shares of Runway Growth Finance stock in a transaction dated Friday, December 16th. The stock was acquired at an average cost of $12.67 per share, with a total value of $54,278.28. Following the completion of the acquisition, the chief executive officer now directly owns 102,731 shares in the company, valued at approximately $1,301,601.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas B. Raterman bought 6,415 shares of Runway Growth Finance stock in a transaction dated Tuesday, December 13th. The shares were bought at an average cost of $11.73 per share, with a total value of $75,247.95. Following the completion of the acquisition, the insider now owns 91,747 shares of the company's stock, valued at $1,076,192.31. The disclosure for this purchase can be found here. Insiders bought 25,104 shares of company stock valued at $299,522 over the last 90 days. 0.63% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their target price on Runway Growth Finance from $13.50 to $14.00 and gave the company an "overweight" rating in a report on Monday, October 24th. B. Riley upped their target price on Runway Growth Finance from $12.50 to $13.50 and gave the company a "buy" rating in a report on Monday, October 31st. Finally, Hovde Group upped their target price on Runway Growth Finance to $14.50 in a report on Tuesday, November 15th.
(Get Rating)
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.
Receive News & Ratings for Runway Growth Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Runway Growth Finance and related companies with MarketBeat.com's FREE daily email newsletter.