Oaktree Capital Management LP Sells 1,500,000 Shares of Runway Growth Finance Corp. $RWAY

Oaktree Capital Management LP lowered its holdings in Runway Growth Finance Corp. (NASDAQ:RWAY) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,279,667 shares of the company’s stock after selling 1,500,000 shares during the quarter. Runway Growth Finance accounts for about 0.7% of Oaktree Capital Management LP’s investment portfolio, making the stock its 19th biggest holding. Oaktree Capital Management LP owned 22.92% of Runway Growth Finance worth $84,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RWAY. Sound Income Strategies LLC bought a new stake in Runway Growth Finance in the 3rd quarter worth about $13,842,000. North Ground Capital lifted its stake in Runway Growth Finance by 48.6% during the 3rd quarter. North Ground Capital now owns 775,000 shares of the company’s stock valued at $7,874,000 after acquiring an additional 253,500 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Runway Growth Finance during the 3rd quarter valued at about $962,000. Bank of America Corp DE boosted its holdings in shares of Runway Growth Finance by 32.9% during the 2nd quarter. Bank of America Corp DE now owns 379,143 shares of the company’s stock valued at $4,068,000 after acquiring an additional 93,755 shares during the last quarter. Finally, Jump Financial LLC grew its stake in shares of Runway Growth Finance by 704.0% in the second quarter. Jump Financial LLC now owns 102,912 shares of the company’s stock worth $1,104,000 after acquiring an additional 90,112 shares during the period. 64.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RWAY. UBS Group decreased their price objective on shares of Runway Growth Finance from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Runway Growth Finance in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.10.

More Runway Growth Finance News

Here are the key news stories impacting Runway Growth Finance this week:

• Positive Sentiment: Management emphasized a healthy pipeline of new investments and defensive portfolio positioning on the Q4 call, which could support future income generation and portfolio growth. Earnings Call Highlights
• Positive Sentiment: Runway said the SWK Holdings acquisition is expected to close in April, a move management frames as portfolio diversification that could broaden asset types and sponsor relationships. That strategic acquisition may improve deal flow and reduce concentration risk. SWK Acquisition Story
• Neutral Sentiment: Company reported total investment income of $30.0M and net investment income of $11.6M with an investment portfolio of ~$927.4M; these are operational metrics investors will watch for yield and coverage trends. Press Release
• Neutral Sentiment: Full earnings call transcripts and slide deck are available for investors who want management commentary and portfolio detail. Review call transcripts for color on credit performance and pipeline. Earnings Call Transcript (Seeking Alpha)
• Negative Sentiment: Reported EPS and revenue missed expectations — the quarter produced an EPS below consensus (various outlets report $0.20–$0.32 vs. consensus ~$0.36) and revenues were slightly under estimates, prompting near-term selling pressure. Earnings Miss Coverage (Zacks)
• Negative Sentiment: Technicals and fundamentals add caution: the stock is trading below its 50- and 200-day moving averages and near its 12‑month low; liquidity metrics (current/quick ratio ~0.54) and leverage (debt/equity ~0.91) may make investors more sensitive to earnings misses. Market Data

Runway Growth Finance Stock Performance

Shares of RWAY stock traded down $0.37 during trading hours on Friday, reaching $6.79. 177,366 shares of the company traded hands, compared to its average volume of 383,472. Runway Growth Finance Corp. has a 12-month low of $6.75 and a 12-month high of $11.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $245.18 million, a P/E ratio of 4.65 and a beta of 0.70. The firm has a 50-day moving average price of $8.70 and a 200 day moving average price of $9.39.

Runway Growth Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.32 annualized dividend and a yield of 19.5%. Runway Growth Finance’s payout ratio is currently 89.80%.

About Runway Growth Finance

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.