XTX Topco Ltd Acquires Shares of 21,943 Runway Growth Finance Corp. (NASDAQ:RWAY)

XTX Topco Ltd bought a new position in Runway Growth Finance Corp. (NASDAQ:RWAY) in the 3rd quarter, Holdings Channel.com reports. The firm bought 21,943 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in Runway Growth Finance by 5.8% during the third quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company’s stock worth $13,747,000 after acquiring an additional 73,200 shares during the period. MGO One Seven LLC grew its stake in shares of Runway Growth Finance by 28.8% during the 2nd quarter. MGO One Seven LLC now owns 469,001 shares of the company’s stock worth $5,515,000 after purchasing an additional 104,822 shares during the period. Edge Capital Group LLC increased its holdings in shares of Runway Growth Finance by 5.2% in the 2nd quarter. Edge Capital Group LLC now owns 228,747 shares of the company’s stock valued at $2,690,000 after purchasing an additional 11,279 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Runway Growth Finance in the third quarter valued at about $1,770,000. Finally, Townsquare Capital LLC boosted its holdings in Runway Growth Finance by 5.2% during the third quarter. Townsquare Capital LLC now owns 58,915 shares of the company’s stock worth $606,000 after buying an additional 2,914 shares in the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised shares of Runway Growth Finance from an “equal weight” rating to an “overweight” rating and set a $11.00 target price for the company in a report on Monday, December 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Runway Growth Finance presently has an average rating of “Hold” and an average target price of $11.96.

Runway Growth Finance Stock Up 0.1 %

Shares of NASDAQ RWAY opened at $10.25 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average is $10.43 and its two-hundred day moving average is $10.87. Runway Growth Finance Corp. has a 12-month low of $9.87 and a 12-month high of $13.74. The company has a market capitalization of $382.81 million, a PE ratio of 9.86 and a beta of 0.60.

Runway Growth Finance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 15.61%. The ex-dividend date was Monday, November 18th. Runway Growth Finance’s dividend payout ratio (DPR) is presently 153.85%.

About Runway Growth Finance

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.