Runway Growth Finance (NASDAQ:RWAY – Get Free Report) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday,Benzinga reports. The firm presently has a $11.00 price target on the stock. Wells Fargo & Company‘s price target points to a potential upside of 5.67% from the company’s current price.
Separately, Compass Point upgraded Runway Growth Finance from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $12.75 to $11.25 in a research note on Thursday, August 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.96.
Check Out Our Latest Report on RWAY
Runway Growth Finance Price Performance
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Crewe Advisors LLC acquired a new position in Runway Growth Finance in the third quarter valued at approximately $1,770,000. MGO One Seven LLC boosted its holdings in shares of Runway Growth Finance by 28.8% in the 2nd quarter. MGO One Seven LLC now owns 469,001 shares of the company’s stock valued at $5,515,000 after buying an additional 104,822 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Runway Growth Finance by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 1,336,053 shares of the company’s stock valued at $13,747,000 after buying an additional 73,200 shares during the last quarter. HTLF Bank acquired a new stake in Runway Growth Finance during the 2nd quarter worth $439,000. Finally, Tidal Investments LLC purchased a new stake in Runway Growth Finance in the first quarter valued at $323,000. Hedge funds and other institutional investors own 64.61% of the company’s stock.
Runway Growth Finance Company 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.
Featured Stories
- Five stocks we like better than Runway Growth Finance
- Conference Calls and Individual Investors
- Superstores to eCommerce Sales: Walmart Parties Like It’s 1999
- What is the Hang Seng index?
- 3 Green Hydrogen Stocks That May Survive the Trump Chopping Block
- What is Forex and How Does it Work?
- Palo Alto Networks: A Pre-Split Investment Opportunity?
Receive News & Ratings for Runway Growth Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Runway Growth Finance and related companies with MarketBeat.com's FREE daily email newsletter.