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Oaktree Capital Group Holdings GP, LLC, along with Oaktree Capital Holdings, LLC and OCM Growth Holdings LLC, reported the sale of 1,000,000 shares of Runway Growth Finance Corp. (NASDAQ:RWAY) common stock. The transaction, which took place on April 1, 2025, was executed at a price of $10.35 per share, totaling approximately $10.35 million. Following this transaction, the entities collectively hold 9,779,668 shares of Runway Growth Finance. The stock, currently trading at $10.39, offers a substantial 27.72% dividend yield and trades at 5.67 times earnings, with a market capitalization of $391 million. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value.
The filing, submitted to the SEC, indicates that the shares were sold directly by OCM Growth Holdings LLC, with Oaktree Capital Holdings acting as the indirect manager and Oaktree Capital Group Holdings GP as the indirect owner of class B units. The report also notes that the involved parties may be considered directors by deputization due to their ability to nominate representatives to the board of directors of Runway Growth Finance. For deeper insights into institutional ownership patterns and comprehensive valuation metrics, investors can access the detailed InvestingPro Research Report, which provides expert analysis on RWAY and 1,400+ other US stocks.
In other recent news, Runway Growth Finance Corp reported its fourth-quarter 2024 earnings, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.39, falling short of the $0.42 forecast, while revenue was $33.8 million, below the expected $36.1 million. Despite these misses, the company’s investment portfolio fair value increased by 5% year-over-year, and net assets rose by 3% from the previous quarter. Additionally, Lucid (NASDAQ:LCID) Capital Markets upgraded Runway Growth Finance Corp’s stock rating from Neutral to Buy, with a new price target of $12.00. The upgrade reflects a more positive outlook as two out of three previous concerns have been resolved, according to analyst Erik Zwick. The stock is currently trading at a discount to its net asset value, which Lucid Capital Markets sees as an attractive opportunity. The company also announced a strategic acquisition of its advisor by BC Partners Credit, signaling potential growth and diversification in its lending strategies.
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