RWAY

Runway Growth Finance Corp.

Nasdaq · CIK 0001653384
$6.03 -0.99% $256.1M
Insider Buying Cluster (2 insiders)5 New Institutional Positions
Vol
Market Cap$256.1M
Cap SizeMicro Cap
Analyst ConsensusBuy (56%)
Inst. Holders23 funds
Inst. Value$30.4M
Inst. Activity5 buys / 2 sells
Insider Activity3B / 1S
Insider Net $-$3.6M
SEC Reports4
Press Releases2
Exchange Nasdaq·CIK 0001653384·Prev Close $6.09

Recent Activity

Jun 11, 2026 SEC
Institutional cluster for RWAY shows net selling of ~$2.1M in Q3 2025, driven by passive fund trims (Morgan Stanley, Bof
INST-CLUSTER — Impact 3/10
May 28, 2026 earnings
Runway Growth Finance Corp. Prices Offering of 7.00% Notes due 2029
<p align="left">MENLO PARK, Calif., May 28, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (
May 20, 2026 Insider
Raterman Thomas B. bought 7,000 shares
CFO, COO @ $6.34 ($44.3K)
May 20, 2026 Insider
Raterman Thomas B. was granted 7,000 shares
CFO, COO @ $6.34 ($44.3K)
May 20, 2026 Insider
SPRENG R DAVID was granted 3,000 shares
President, CEO and CIO @ $6.37 ($19.1K)
May 6, 2026 Press
Runway Growth Finance Corp. declared a Q2 2026 cash dividend of $0.33 per share, consistent with the prior quarter's pay
Impact 2/10
Apr 15, 2026 SEC
Runway Growth Finance Corp. (RWAY) announced it will release Q1 2026 financial results on May 7, 2026, with a conference
PRESS-RELEASE — Impact 3/10
Mar 4, 2026 SEC
Runway Growth Finance Corp. (RWAYZ) has had an N-14 registration statement become effective, indicating a potential merg
EFFECT — Impact 5/10

Price Targets

$8.54 +41.7% upside Strong Buy
Current $6.03 Low $6.50 Median $8.88 High $10.00 6 analysts
$6.50 $10.00

Analyst Ratings

Hold56% buy · 16 analysts
3Strong Buy
6Buy
7Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 14, 2026 Wells Fargo MAINTAIN Equal-Weight → Equal-Weight
Mar 17, 2026 B. Riley Securities MAINTAIN Buy → Buy
Mar 16, 2026 Wells Fargo MAINTAIN Equal-Weight → Equal-Weight
Mar 13, 2026 JP Morgan MAINTAIN Neutral → Neutral

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.30 ▼ -17.3% $0.26 — $0.33 -22% YoY 5
Next Q $0.32 ▼ -13.5% $0.29 — $0.33 -26% YoY 5
Current FY $1.24 ▼ -13.3% $1.16 — $1.30 -20% YoY 5
Next FY $1.29 ▼ -10.1% $1.18 — $1.40 4% YoY 5

Top Institutional Holders

FundValueMove
HighTower Advisors, LLC$9.6M
TWO SIGMA INVESTMENTS, LP$4.4MADD
FRANKLIN RESOURCES INC$3.7MDOUBLED
MARSHALL WACE, LLP$2.4MTRIM
O'SHAUGHNESSY ASSET MANAGEMENT, LLC$2.0MDOUBLED

Recent Insider Trades

DateInsiderTypeValue
May 20, 2026Raterman ThomasBUY$44.3K
May 20, 2026Raterman ThomasA$44.3K
May 20, 2026SPRENG RA$19.1K
May 20, 2026SPRENG RBUY$19.1K
May 14, 2026Raterman ThomasA$667.00
23 institutional holders with $30.4M total value (4,427,690 shares) as of 2026-Q1. Top holders: HighTower, TWO, FRANKLIN. Net buying activity: 5 institutions added/increased vs 2 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1HighTower Advisors, LLC1,394,580$9.6M31.5%
2TWO SIGMA INVESTMENTS, LP645,479$4.4M14.6%ADD +99.2%
3FRANKLIN RESOURCES INC539,750$3.7M12.2%DOUBLED +123.0%
4MARSHALL WACE, LLP350,719$2.4M7.9%TRIM -31.1%
5O'SHAUGHNESSY ASSET MANAGEMENT, LLC284,010$2.0M6.4%DOUBLED +1771.3%
6Legal & General Group Plc278,034$1.9M6.3%
7MORGAN STANLEY210,794$1.4M4.8%ADD +74.7%
8D. E. Shaw & Co., Inc.125,159$859.8K2.8%DOUBLED +172.7%
9BlackRock, Inc.102,209$702.2K2.3%TRIM -43.9%
10ENVESTNET ASSET MANAGEMENT INC91,271$627.0K2.1%ADD +39.1%
11Magnetar Financial LLC89,876$617.4K2.0%
12STIFEL FINANCIAL CORP80,001$549.6K1.8%ADD +49.3%
13PNC FINANCIAL SERVICES GROUP, INC.70,476$484.2K1.6%
14Brevan Howard Capital Management LP55,404$380.6K1.3%ADD +35.4%
15CITADEL ADVISORS LLC31,200$214.3K0.7%DOUBLED +218270.4%
16ROYAL BANK OF CANADA21,917$151.0K0.5%ADD +52.3%
17WELLS FARGO & COMPANY/MN15,729$108.1K0.4%ADD +61.0%
18SUSQUEHANNA INTERNATIONAL GROUP, LLP12,827$88.1K0.3%
19SUSQUEHANNA INTERNATIONAL GROUP, LLP12,700$87.2K0.3%
20CITADEL ADVISORS LLC12,700$87.2K0.3%DOUBLED +218270.4%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
MARSHALL WACE, LLPTRIM509,225350,719-31.1%$2.4M2026-Q1
O'SHAUGHNESSY ASSET MANAGEMENT, LLCDOUBLED15,177284,010+1771.3%$2.0M2026-Q1
MORGAN STANLEYADD120,687210,794+74.7%$1.4M2026-Q1
BlackRock, Inc.TRIM182,049102,209-43.9%$702.2K2026-Q1
ENVESTNET ASSET MANAGEMENT INCADD65,59291,271+39.1%$627.0K2026-Q1
STIFEL FINANCIAL CORPADD53,57880,001+49.3%$549.6K2026-Q1
Brevan Howard Capital Management LPADD40,92055,404+35.4%$380.6K2026-Q1
MARSHALL WACE, LLPADD333,757509,225+52.6%$4.5M2025-Q4
BANK OF AMERICA CORP /DE/TRIM227,43273,225-67.8%$653.9K2025-Q4
ENVESTNET ASSET MANAGEMENT INCDOUBLED21,02165,592+212.0%$585.7K2025-Q4
STIFEL FINANCIAL CORPTRIM97,34153,578-45.0%$478.5K2025-Q4
MARSHALL WACE, LLPDOUBLED119,730333,757+178.8%$3.4M2025-Q3
BANK OF AMERICA CORP /DE/TRIM379,143227,432-40.0%$2.3M2025-Q3
D. E. Shaw & Co., Inc.DOUBLED47,038128,253+172.7%$1.3M2025-Q3
MORGAN STANLEYTRIM248,619107,517-56.8%$1.1M2025-Q3
Point72 Asset Management, L.P.ADD46,06985,757+86.1%$871.3K2025-Q3
Invesco Ltd.ADD22,03427,769+26.0%$282.1K2025-Q3
CWM, LLCDOUBLED5428+8460.0%$4.002025-Q3
UBS Group AGADD261,427399,007+52.6%$4.3M2025-Q2
MARSHALL WACE, LLPTRIM203,781119,730-41.2%$1.3M2025-Q2
STIFEL FINANCIAL CORPDOUBLED43,00098,203+128.4%$1.1M2025-Q2
Point72 Asset Management, L.P.ADD33,60046,069+37.1%$494.3K2025-Q2
Trexquant Investment LPTRIM58,68832,421-44.8%$347.9K2025-Q2
TWO SIGMA INVESTMENTS, LPADD268,306534,378+99.2%$5.5M2025-Q1
FRANKLIN RESOURCES INCDOUBLED206,309460,002+123.0%$4.8M2025-Q1
3 unique insiders with 7 transactions. Net insider value: -$3.6M ($82.8K bought, $3.7M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
May 20, 2026Raterman Thomas B.CFO, COOBUY7,000$6.34$44.3K
May 20, 2026Raterman Thomas B.CFO, COOAWARD7,000$6.34$44.3K
May 20, 2026SPRENG R DAVIDPresident, CEO and CIOAWARD3,000$6.37$19.1K
May 20, 2026SPRENG R DAVIDPresident and CEOBUY3,000$6.37$19.1K
May 14, 2026Raterman Thomas B.CFO, COOAWARD100$6.67$667.00
May 14, 2026Raterman Thomas B.CFO, COOBUY2,900$6.67$19.3K
Apr 9, 2026Carlson Capital, L.P.10%+ OwnerSELL560,105$6.59$3.7M
Current analyst consensus: Hold (56% buy). Based on 16 analysts: 3 strong buy, 6 buy, 7 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$8.54 mean target +41.7% upside Strong Buy (3.00)
$6.50 Low $10.00 High
MetricValue
Current Price$6.03
Target Low$6.50
Target Mean$8.54
Target Median$8.88
Target High$10.00
# Analysts6
RecommendationStrong Buy (3.00)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.30 $0.26 $0.33 -22.1% -17.3% 0↑ 4↓ $0.0B -10.3% 5
Next Q
2026-09-30
$0.32 $0.29 $0.33 -25.6% -13.5% 0↑ 4↓ $0.0B -4.6% 5
Current FY
2026-12-31
$1.24 $1.16 $1.30 -20.0% -13.3% 0↑ 4↓ $0.1B -3.7% 5
Next FY
2027-12-31
$1.29 $1.18 $1.40 4.3% -10.1% 0↑ 3↓ $0.1B 9.4% 5

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.296
7d ago$0.296
30d ago$0.358-0.062
60d ago$0.367-0.072
90d ago$0.389-0.093
3 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 14, 2026 Wells Fargo MAINTAIN Equal-Weight Equal-Weight
Mar 17, 2026 B. Riley Securities MAINTAIN Buy Buy
Mar 16, 2026 Wells Fargo MAINTAIN Equal-Weight Equal-Weight
Mar 13, 2026 JP Morgan MAINTAIN Neutral Neutral

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20263670056%
May 1, 20263670056%
Apr 1, 20263670056%
Mar 1, 20263670056%
Feb 1, 20263680053%
Jan 1, 20263680053%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

May 28, 2026
earnings
Runway Growth Finance Corp. Prices Offering of 7.00% Notes due 2029
<p align="left">MENLO PARK, Calif., May 28, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”),
May 18, 2026
short_volume
Short Volume: RWAY — 55.0% short (0.4M / 0.8M)
Short: 421,665 | Exempt: 12,378 | TRF Vol: 766,043 | Short Ratio: 55.0% | Off-exchange volume (dark pool + OTC)
May 15, 2026
short_volume
Short Volume: RWAY — 67.3% short (0.4M / 0.5M)
Short: 366,124 | Exempt: 100 | TRF Vol: 543,822 | Short Ratio: 67.3% | Off-exchange volume (dark pool + OTC)
May 8, 2026
short_volume
Short Volume: RWAY — 65.1% short (0.4M / 0.5M)
Short: 355,458 | Exempt: 62 | TRF Vol: 546,213 | Short Ratio: 65.1% | Off-exchange volume (dark pool + OTC)
May 7, 2026
earnings_calendar
RWAY Q1 2026 Earnings Scheduled — 2026-05-07
May 6, 2026
dividend
Runway Growth Finance Corp. Announces Second Quarter 2026 Dividend of $0.33 per Share
<p align="justify">MENLO PARK, Calif., May 06, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”
Apr 15, 2026
earnings
Runway Growth Finance Corp. Announces Date for First Quarter 2026 Financial Results and Conference Call
<p>MENLO PARK, Calif., April 15, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY), (“Runway Growth” or the “Company”), a leading
Apr 7, 2026
m_and_a
Runway Growth Finance Corp. Closes Acquisition of SWK Holdings Corporation and Provides First Quarter 2026 Business and Portfolio Update
<p align="center"><em>Closed Acquisition of SWK Holdings Corporation, Expanding Healthcare and Life Sciences Exposure and Scaling Platform</em></p>
Mar 12, 2026
earnings_calendar
RWAY Q4 2025 Earnings After Market Close — 2026-03-12