In yesterday’s Wall Street session, Runway Growth Finance Corp (NASDAQ:RWAY) shares traded at $12.12, unchanged from the previous session.
RWAY stock price is now -6.02% away from the 50-day moving average and -3.87% away from the 200-day moving average. The market capitalization of the company currently stands at $490.98M.
, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, SPRENG R DAVID, President and CEO bought 5,000 shares of the company’s stock on Mar 21 ’24. The stock was bought for $59,400 at an average price of $11.88. Upon completion of the transaction, the President and CEO now directly owns 64,532 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Director OCM Growth Holdings LLC sold 1,000,000 shares of the business’s stock. A total of $11,330,000 was realized by selling the stock at an average price of $11.33. This leaves the insider owning 15,492,168 shares of the company worth $187.77 million. A total of 1.38% of the company’s stock is owned by insiders.
During the past 12 months, Runway Growth Finance Corp has had a low of $10.33 and a high of $13.74. The fifty day moving average price for RWAY is $12.92 and a two-hundred day moving average price translates $12.70 for the stock.
According to the Credit Services Company, earnings per share came in at $0.45, missing analysts’ expectations of $0.49 by -0.04. This compares to $0.45 EPS in the same period last year. The net profit margin was 30.41% and return on equity was 7.90% for RWAY. The company reported revenue of $39.23 million for the quarter, compared to $36.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.59 percent. For the current quarter, analysts expect RWAY to generate $39.32M in revenue.
