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

Bard Associates Inc. trimmed its stake in Runway Growth Finance Corp. (NASDAQ:RWAY) by 48.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 141,366 shares of the company’s stock after selling 134,248 shares during the quarter. Bard Associates Inc.’s holdings in Runway Growth Finance were worth $1,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Runway Growth Finance in the 2nd quarter worth about $51,000. Osaic Holdings Inc. grew its position in Runway Growth Finance by 92.6% in the 2nd quarter. Osaic Holdings Inc. now owns 5,515 shares of the company’s stock worth $59,000 after purchasing an additional 2,651 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Runway Growth Finance by 74,437.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,963 shares of the company’s stock worth $64,000 after purchasing an additional 5,955 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Runway Growth Finance in the third quarter valued at approximately $109,000. Finally, State of Wyoming increased its stake in shares of Runway Growth Finance by 18.2% in the second quarter. State of Wyoming now owns 11,252 shares of the company’s stock valued at $121,000 after purchasing an additional 1,732 shares during the period. Institutional investors and hedge funds own 64.61% of the company’s stock.

Runway Growth Finance News Summary

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 Stock Performance

Shares of RWAY opened at $6.63 on Friday. The firm has a market capitalization of $239.54 million, a PE ratio of 7.21 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $8.66 and a 200 day moving average price of $9.36. Runway Growth Finance Corp. has a 52-week low of $6.63 and a 52-week high of $11.40.

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

Runway Growth Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid 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 (DPR) is currently 143.48%.

Analysts Set New Price Targets

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

Runway Growth Finance Profile

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.