Full disclosure: I do have a position in this stock, I am not an expert, and my advice is just my personal opinion.
Runway Growth Finance Corp (RWAY) Just announced today that they are buying back 10% of the float up to $8.49/share. The stock closed at $5.76 today, after a $.47 jump over yesterday, and they can't buy any shares from this buyback until Thursday. The company also has an above 20% annual dividend at current pricing.
The dividend was expected to be reduced because of recent non-accruals on their loans, which also drove the stock price down to less than half its NAV. If this buyback is completed before the next dividend is due, then it should keep the dividend from being cut, maintaining the incredibly high dividend.
The dividend might not even be relevant as the buyback establishes a new floor at $8.49, which makes this a highly probable high profit short term investment.