Runway Growth Finance Corp. (NASDAQ:RWAY) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in Runway Growth Finance Corp. (NASDAQ:RWAY) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,212,377 shares of the company’s stock after selling 123,676 shares during the quarter. HighTower Advisors LLC’s holdings in Runway Growth Finance were worth $13,288,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RWAY. Crewe Advisors LLC acquired a new stake in Runway Growth Finance in the third quarter valued at approximately $1,770,000. Confluence Investment Management LLC acquired a new stake in Runway Growth Finance during the fourth quarter worth approximately $916,000. Raymond James Financial Inc. acquired a new stake in Runway Growth Finance during the fourth quarter worth approximately $734,000. HTLF Bank raised its holdings in Runway Growth Finance by 135.7% during the fourth quarter. HTLF Bank now owns 88,720 shares of the company’s stock worth $972,000 after purchasing an additional 51,071 shares in the last quarter. Finally, Round Rock Advisors LLC acquired a new stake in Runway Growth Finance during the fourth quarter worth approximately $386,000. Institutional investors and hedge funds own 64.61% of the company’s stock.

Runway Growth Finance Stock Performance

Shares of RWAY opened at $10.97 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. The firm has a market cap of $409.70 million, a PE ratio of 10.55 and a beta of 0.59. The company’s 50 day simple moving average is $11.32 and its 200-day simple moving average is $10.76. Runway Growth Finance Corp. has a 12-month low of $9.87 and a 12-month high of $13.50.

Analyst Upgrades and Downgrades

RWAY has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Runway Growth Finance currently has an average rating of “Moderate Buy” and an average target price of $12.04.

Runway Growth Finance Profile

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.