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 Canada, with the majority of its portfolio invested in the United States.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
68% more call options, than puts
Call options by funds: $1.01M | Put options by funds: $603K
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
0% more funds holding
Funds holding: 64 [Q2] → 64 (+0) [Q3]
0.86% less ownership
Funds ownership: 48.77% [Q2] → 47.92% (-0.86%) [Q3]
16% less capital invested
Capital invested by funds: $226M [Q2] → $190M (-$36.1M) [Q3]
100% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$12
3%
upside
Avg. target
$12
3%
upside
High target
$12
3%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Finian O'Shea 66% 1-year accuracy 25 / 38 met price target | 3%upside $12 | Overweight Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 8 articles about RWAY published over the past 30 days
Neutral
GlobeNewsWire
2 days ago
Mount Logan Capital Inc. Completes Strategic Minority Investment in Runway Growth Capital LLC
All amounts are stated in United States dollars, unless otherwise indicated All amounts are stated in United States dollars, unless otherwise indicated
Neutral
PRNewsWire
2 days ago
Runway Growth Capital Closes Acquisition by BC Partners Credit and Mount Logan Capital
Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with the current team remaining in place Runway Growth Capital will leverage BC Partners Credit's extensive platform, resources, and scale to accelerate capital formation and diversify financing options for both investors and borrowers MENLO PARK, Calif. and NEW YORK , Jan. 30, 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, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.
Positive
Seeking Alpha
3 days ago
Runway Growth Finance: 14.7% Yield Should Be Safe For The Near Term (Rating Downgrade)
Despite recent headwinds and credit quality concerns, Runway Growth Finance Corp.'s 14.7% dividend yield is likely safe in the near term due to strong balance sheet and buybacks. Lower interest rates should provide tailwinds, potentially increasing deal volumes and positively impacting BDC financials, but recent performance warrants a downgrade from buy to hold. RWAY's leverage has increased but remains below peers, and their discount to NAV is justified given recent financial instability and performance.
Positive
Seeking Alpha
1 week ago
Yield Hunting Part 4: 8%+ From Runway Growth Finance Baby Bonds
Runway Growth Finance Corp. offers baby bonds with yields above 8%, making them attractive for low-duration portfolios. RWAY's financial strength is comparable to that of investment-grade issuers in the sector. Its profitability and asset coverage are strong, but there are concerns about debt maturities and problem loans. Both bonds trade below par, and their yields are sensitive to market movements; strategic trading can maximize returns.
Positive
Seeking Alpha
1 week ago
Runway Growth Finance: Partnering With BC Partners, But Exposing Funding Issues To Be Addressed
Runway Growth Finance Corp (RWAY) is a BDC focusing on senior-secured loans to late-stage growth companies, with its manager recently acquired by BC Partners. RWAY's balance sheet shows $1 billion in assets, $0.56 billion in liabilities, and a high debt/equity ratio of 108%. The BDC's credit facility is set to end its availability. The BDC over-distributes, leading to NAV erosion and market penalization, trading at 84% of book value due to unsustainable high distribution yields.
Neutral
GlobeNewsWire
2 weeks ago
Runway Growth Finance Corp. Provides Fourth Quarter 2024 Portfolio Update
MENLO PARK, Calif., Jan. 16, 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 an operational and portfolio update for the fourth quarter ended December 31, 2024.
Positive
24/7 Wall Street
3 weeks ago
4 Superstar Ultra-High-Yield Dividend Buy-Rated Stocks Trading Under $15
Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential.
Neutral
PRNewsWire
3 weeks ago
Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne to Accelerate Growth and Execute a Strategic Acquisition
Funding will enable VertexOne to optimize its platform, expand market presence, and support the acquisition of Accelerated Innovations. MENLO PARK, Calif.
Neutral
GlobeNewsWire
1 month ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Positive
Seeking Alpha
2 months ago
Open The Door To Venture Capital With Runway Growth Finance Corp.
Runway Growth Finance Corp. offers a unique BDC opportunity with a 15.4% annual yield, targeting late-stage VC-backed companies. RWAY's portfolio is diversified across 52 companies, primarily in the tech sector, with 92.5% in senior secured loans and 5.6% in equity. Despite potential dividend cuts due to rate changes, management appears optimistic about growth, supported by a recent adviser merger with BC Partners.
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