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RWAY — Runway Growth Finance News Story

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Brief: Runway Growth Finance Corp. Q2 Net Asset Value Per Share USD 13.66

Overview

Runway Growth Q2 total investment income rises to $35.1 mln

Net investment income for Q2 at $13.9 mln, $0.38 per share

Company repurchased 815,408 shares for $8.1 mln in Q2

Result Drivers

PORTFOLIO DIVERSIFICATION - CEO David Spreng attributes results to diversification of loan size and expansion of financing solutions

INVESTMENT ACTIVITY - Funded $37.8 mln in new investments, with two new and one existing portfolio company

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Net Asset Value$498.90 mln
Q2 Net Asset Value Per Share$13.66
Q2 Operating Expenses$21.20 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell" The average consensus recommendation for the corporate financial services peer group is "buy" Wall Street's median 12-month price target for Runway Growth Finance Corp is $11.25, about 3.5% above its August 6 closing price of $10.86 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago Press Release: ID:nGNX8R8Ywg (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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