Runway Development Finance Corp. (NASDAQ:RWAY – Get Ranking) has been assigned a consensus suggestion of “Buy” from the nine analysts that are at this time covering the inventory, MarketBeat experiences. One particular financial investment analyst has rated the stock with a maintain suggestion and 8 have issued a purchase suggestion on the organization. The normal 1 year goal selling price amongst brokers that have issued a report on the stock in the final year is $15.38.
RWAY has been the matter of a number of investigate analyst stories. LADENBURG THALM/SH SH initiated protection on Runway Advancement Finance in a study observe on Friday, April 22nd. They issued a “buy” ranking and a $15.50 rate aim on the inventory. Zacks Expenditure Study reduced Runway Advancement Finance from a “buy” ranking to a “hold” ranking in a study be aware on Thursday. At last, B. Riley upped their price aim on Runway Expansion Finance from $15.00 to $15.50 and gave the enterprise a “buy” ranking in a investigation take note on Monday, February 28th.
Shares of RWAY stock traded down $.36 on Friday, hitting $12.90. 94,884 shares of the stock were exchanged, in comparison to its normal volume of 64,342. The company has a rapid ratio of 1.12, a present-day ratio of 1.12 and a personal debt-to-fairness ratio of .13. The small business has a 50-day moving common of $13.83 and a 200 working day shifting normal of $13.34. Runway Progress Finance has a fifty-two week reduced of $11.84 and a fifty-two 7 days higher of $14.92.
Runway Growth Finance (NASDAQ:RWAY – Get Score) previous produced its earnings outcomes on Thursday, May well 5th. The business reported $.30 earnings for each share (EPS) for the quarter, topping the consensus estimate of $.29 by $.01. Runway Development Finance had a return on equity of 7.71% and a internet margin of 52.70%. The organization had income of $19.26 million for the quarter, as opposed to analyst estimates of $19.20 million. On normal, offer-aspect analysts foresee that Runway Expansion Finance will publish 1.3 earnings for each share for the current fiscal yr.
The company also a short while ago disclosed a quarterly dividend, which will be paid out on Tuesday, May possibly 24th. Stockholders of file on Tuesday, Could 10th will be specified a $.30 dividend. The ex-dividend date of this dividend is Monday, May well 9th. This is a good improve from Runway Expansion Finance’s previous quarterly dividend of $.27. This represents a $1.20 annualized dividend and a dividend generate of 9.30%.
In other Runway Development Finance news, CEO R David Spreng bought 5,000 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares had been procured at an ordinary price of $12.35 for every share, for a whole transaction of $61,750.00. The acquisition was disclosed in a legal submitting with the SEC, which can be accessed via this hyperlink. Also, Director Ocm Growth Holdings Llc purchased 19,400 shares of the business’s stock in a transaction dated Monday, February 14th. The inventory was acquired at an normal selling price of $13.55 for each share, for a complete transaction of $262,870.00. The disclosure for this purchase can be identified in this article. Around the past 90 days, insiders bought 104,380 shares of firm stock valued at $1,380,016.
Quite a few hedge cash and other institutional investors have not too long ago made modifications to their positions in the business. B. Riley Wealth Administration Inc. bought a new stake in shares of Runway Expansion Finance in the 1st quarter value about $213,000. Catalyst Funds Advisors LLC purchased a new stake in shares of Runway Progress Finance in the 1st quarter worth around $35,000. Edge Capital Team LLC acquired a new stake in shares of Runway Progress Finance in the 1st quarter value around $911,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Runway Advancement Finance in the 1st quarter worth about $161,000. Last but not least, Oaktree Cash Management LP bought a new stake in shares of Runway Progress Finance in the 4th quarter worth somewhere around $256,139,000.
About Runway Expansion Finance (Get Score)
Runway Progress Finance Corp. is a organization improvement company specializing investments in senior-secured financial loans to late/growth stage enterprise providers.
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