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Runway Growth Finance Corp. (RWAY)

$9.76
-0.13 (-1.31%)

Data provided by IEX. Delayed 15 minutes.

Market Cap

$364.5M

P/E Ratio

5.1

Div Yield

15.06%

52W Range

$8.07 - $10.94

Company Profile

At a glance

Runway Growth Finance Corp. (RWAY) is a business development company (BDC) specializing in senior-secured loans to late-stage and growth companies, primarily in technology and healthcare, aiming to maximize total return through current income and capital gains.

The recent acquisition of RWAY's investment adviser by BC Partners Credit is a transformative event, expected to significantly expand origination channels, diversify investment solutions (including structured equity and asset-based lending), and enhance the ability to participate in larger deals while maintaining a focused allocation to the BDC.

Despite a decrease in Q1 2025 net investment income ($15.6M vs. $18.7M in Q1 2024) primarily due to falling interest rates and lower average debt principal, the company's debt portfolio yield remains robust (15.4% in Q1 2025), supported by floating rates and interest rate floors.

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