Runway Growth Finance Corp. (NASDAQ:RWAY) is included among the 15 Stocks with Highest Dividend to Invest in. Oppenheimer Cuts Runway Growth Finance (RWAY) Price Target After Q3 Results Photo by NeONBRAND on Unsplash On November 11‌, Oppe​nh​ei‍mer redu‍ced its​ price tar‌get on Runway Growth Finance Corp. (NASDAQ:RWAY) to $12 from $13 and maintained a⁠ Perform r⁠ating a​fter reviewing the company’s quarterly results‌, as reported by The Fly. The firm‍ now expects the company to genera‍te earni​ng‌s of ...

Group 1 - The Blackstone Secured Lending Fund (BXSL) is a significant entity in the Business Development Company (BDC) sector, focusing on flexible financing solutions for middle-market companies [1] - BXSL is recognized for its stable portfolio characteristics, particularly in terms of Net Asset Value (NAV) and earnings quality, but faces competition from other BDCs that may provide better value [1] - The consensus price target for BXSL has remained stable at $28 over the past year, indicating steady analyst confidence in its performance [2] Group 2 - Despite the stable price target, BXSL is viewed as one of the most overvalued quality BDC stocks, with a notable valuation gap compared to its peers [3] - RBC Capital has set a price target of $30 for BXSL, suggesting potential concerns regarding its valuation and possible rating downgrade [3] - The combination of a stable price target and overvaluation raises questions about BXSL's long-term value proposition, which could affect investor sentiment and future price targets [4][5]

Core Viewpoint - Ofs Capital reported mixed financial results for Q2 2025, with net investment income slightly exceeding expectations but facing significant net investment losses and a decline in net asset value per share [1][5][9] Financial Performance - Net investment income per share was $0.25, slightly above the analyst estimate of $0.24, but down 3.8% from Q1 2025 [2][5] - Total investment income reached $10.5 million, exceeding the $10.0 million estimate and showing a year-over-year increase of 1.9% [2][5] - The company experienced a net loss on investments of $12.9 million, a 19.4% increase in losses compared to the previous quarter [2][6] - Net asset value per share decreased from $11.97 to $10.91, reflecting an 8.9% decline [2][6] - Total investments at fair value fell from $403.1 million to $382.7 million, a decrease of 5.1% [2][6] Business Overview - Ofs Capital focuses on providing financing solutions to U.S. middle-market companies, which typically have annual revenues between $15 million and $300 million [3][4] - The investment strategy includes senior secured loans, subordinated debt, and some equity securities, aiming to generate recurring interest income [3][4] Portfolio Developments - During Q2 2025, the company deployed $12.5 million in new investments, an increase from $10.4 million in the prior quarter [5] - No new loans were shifted to non-accrual status, but existing non-accrual loans accounted for 4.0% of total investments based on fair value, indicating ongoing credit concerns [7] Debt Management - The company's total outstanding debt decreased from $248.1 million to $243.4 million during Q2 2025 [8] - Management issued $69.0 million in new unsecured notes at a 7.50% interest rate in July 2025, refinancing older notes with lower rates [8] Dividend and Future Outlook - The company maintained its quarterly dividend at $0.34 per share, raising concerns about potential income shortfalls if investment losses continue [9] - No explicit financial guidance was provided for the current quarter or fiscal 2025, leading to investor focus on future portfolio credit quality and potential markdowns [10]