Overview

• Runway Growth Q3 total investment income stable at $36.7 mln, matching last year's figure

• Net investment income for Q3 was $15.7 mln, slightly down from $15.9 mln last year

• Company proposes acquisition of SWK Holdings to expand healthcare and life sciences exposure

Outlook

• Company did not provide specific financial guidance for future quarters or full year

Result Drivers

• INVESTMENT ACTIVITY - Completed 11 investments totaling $128.3 mln in new and existing portfolio companies

• BC PARTNERS INTEGRATION - Co says integration within BC Partners ecosystem broadens origination channels

• SWK ACQUISITION - Proposed acquisition of SWK Holdings to expand healthcare and life sciences exposure

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the corporate financial services peer group is "hold"

• Wall Street's median 12-month price target for Runway Growth Finance Corp is $11.25, about 13.1% above its November 5 closing price of $9.78

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX8pwBkT

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(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.)