Runway Growth Finance Corp. $RWAY Shares Sold by Bard Associates Inc.

Bard Associates Inc. lessened its stake in Runway Growth Finance Corp. (NASDAQ:RWAY) by 48.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,366 shares of the company’s stock after selling 134,248 shares during the period. Bard Associates Inc. owned about 0.39% of Runway Growth Finance worth $1,436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RWAY. Sound Income Strategies LLC acquired a new position in Runway Growth Finance during the 3rd quarter worth $13,842,000. North Ground Capital raised its stake in shares of Runway Growth Finance by 48.6% in the 3rd quarter. North Ground Capital now owns 775,000 shares of the company’s stock valued at $7,874,000 after purchasing an additional 253,500 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Runway Growth Finance in the 3rd quarter valued at about $962,000. Bank of America Corp DE lifted its position in shares of Runway Growth Finance by 32.9% during the second quarter. Bank of America Corp DE now owns 379,143 shares of the company’s stock worth $4,068,000 after purchasing an additional 93,755 shares during the last quarter. Finally, Jump Financial LLC grew its stake in Runway Growth Finance by 704.0% in the second quarter. Jump Financial LLC now owns 102,912 shares of the company’s stock worth $1,104,000 after purchasing an additional 90,112 shares in the last quarter. 64.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Runway Growth Finance from $9.50 to $7.00 and set a “neutral” rating for the company in a report on Friday. UBS Group decreased their target price on Runway Growth Finance from $12.50 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Runway Growth Finance in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.50.

Key Runway Growth Finance News

Here are the key news stories impacting Runway Growth Finance this week:

• Positive Sentiment: Management highlighted a strong deal pipeline on the Q4 earnings call, which could support future earnings and income growth. Runway Growth Finance Corp (RWAY) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Runway is closing the acquisition of SWK Holdings in April, which management says will diversify the portfolio — a potential portfolio-quality positive over time. Runway Growth signals portfolio diversification as SWK Holdings acquisition closes in April
• Neutral Sentiment: Company filed its quarter press release and slide deck showing portfolio size ($927.4M) and reported total/net investment income ($30.0M / $11.6M) — useful context for underwriting and income trends. Runway Growth Finance Corp Reports Fourth Quarter and Fiscal Year 2025 Financial Results
• Neutral Sentiment: Multiple transcripts of the earnings call are available for investors to review management’s commentary and Q&A for deeper color on credit performance and pipeline. Runway Growth Finance Corp. Q4 2025 Earnings Call Transcript
• Negative Sentiment: RWAY missed estimates: reported EPS $0.32 vs. consensus ~$0.36 and revenue $30.04M vs. ~$31.6M — an earnings and revenue shortfall that likely pressured the stock. MarketBeat: Runway Growth Finance Q4 results
• Negative Sentiment: JPMorgan lowered its price target from $9.50 to $7.00 and set a “neutral” rating, reducing upside expectations and adding downward analyst pressure. Benzinga: JPMorgan lowers RWAY price target
• Negative Sentiment: Trading has shown elevated volume as investors digest the miss and the analyst action — greater liquidity on down days can amplify short-term moves. MarketBeat: RWAY stock overview

Runway Growth Finance Trading Down 7.4%

NASDAQ RWAY opened at $6.63 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.54 and a current ratio of 0.54. Runway Growth Finance Corp. has a one year low of $6.63 and a one year high of $11.40. The company has a 50-day simple moving average of $8.66 and a 200-day simple moving average of $9.36. The firm has a market capitalization of $239.54 million, a PE ratio of 7.21 and a beta of 0.70.

Runway Growth Finance (NASDAQ:RWAY) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Runway Growth Finance had a return on equity of 11.44% and a net margin of 24.79%.The business had revenue of $30.04 million for the quarter, compared to analyst estimates of $31.60 million. On average, equities analysts forecast that Runway Growth Finance Corp. will post 1.67 earnings per share for the current year.

Runway Growth Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 19.9%. The ex-dividend date is Tuesday, March 10th. Runway Growth Finance’s dividend payout ratio is presently 143.48%.

About Runway Growth Finance

Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second‐lien financings, convertible notes and equity co‐investments designed to extend the cash runway for late‐stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation‐driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager.