RWAY Stock Recent News

Hypergrowth stocks have endured a rough couple of years. While big tech names saw a comeback rally, smaller, high-growth companies struggling through growing pains didn't get the same lift.

To be quite blunt about the present economic backdrop, you don't need many excuses to seriously consider strong-buy dividend stocks. By that, I'm referring to public companies that provide passive income while also benefiting from the top rating possible among covering analysts.

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Greg Greifeld - Investment Adviser and Acting CEO Tom Raterman - CFO, COO, Secretary, Treasurer and Acting President Conference Call Participants Mickey Schleien - Ladenburg Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Securities Erik Zwick - Hovde Group Vilas Abraham - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Third Quarter 2023 Earnings Conference Call.

MENLO PARK, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its third quarter 2023 financial results after market close on Tuesday, November 7, 2023. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

Runway Growth Finance is paying out a 13.1% regular dividend yield that's 123% covered by net investment income. The BDC is currently swapping hands at a 15% discount to NAV per share as of the end of second quarter of its fiscal 2023. NAV has been dipping, with the BDC also taking a conservative approach to new investments.

Business Development Companies (BDCs) have performed well during rate hikes, unlike REITs, due to their high yields. Runway Growth Finance is a lesser-known BDC that focuses on technology, life sciences, healthcare, and select consumer services. RWAY has a growing and diversified portfolio, a strong management team, a conservative balance sheet, and a high dividend yield of over 12%.

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Mary Friel - Assistant Vice President, Business Development and Investor Relations Greg Greifeld - Investment Adviser and Acting Chief Executive Officer Tom Raterman - Chief Financial Officer, Chief Operating Officer, Secretary, Treasurer and Acting President Conference Call Participants Erik Zwick - Hovde Group Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Securities Operator Ladies and gentlemen, thank you for standing-by and welcome to the Runway Growth Finance Second Quarter 2023 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.35 per share a year ago.

Runway Growth Capital expects its deal pipeline for loans to late-stage private companies to pick up steam in 2023 after a slower start to the year.

Runway Growth Finance Corp. is currently appealing due to its high dividend yield of over 11%; however, this is expected to decrease in the coming years due to other capital priorities. The company, founded in 2015, has grown its investment portfolio to over $1 billion, focusing on the tech, life science, and healthcare sectors and offering senior secured loans to late-stage and growth companies. Despite potential short-term headwinds, the company's outlook remains positive, with a high payout ratio and a commitment to returning as much earnings as possible to shareholders.