TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Given Consensus Rating of “Hold” by Brokerages

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $7.70.

A number of brokerages have commented on TPVG. Wells Fargo & Company lifted their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $8.00 to $7.50 in a research note on Thursday, November 7th. Piper Sandler lowered their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Compass Point raised their price target on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th.

Institutional Trading of TriplePoint Venture Growth BDC

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in TriplePoint Venture Growth BDC in the 2nd quarter worth about $35,000. McIlrath & Eck LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the third quarter valued at approximately $51,000. EverSource Wealth Advisors LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at approximately $62,000. Diversify Wealth Management LLC purchased a new position in TriplePoint Venture Growth BDC during the 3rd quarter worth $82,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in TriplePoint Venture Growth BDC during the 3rd quarter valued at $83,000. 12.77% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC Trading Up 0.7 %

NYSE:TPVG opened at $7.34 on Friday. The company has a market capitalization of $293.96 million, a P/E ratio of 34.95 and a beta of 1.86. The business’s 50-day moving average is $7.49 and its 200 day moving average is $7.73. TriplePoint Venture Growth BDC has a 12 month low of $6.44 and a 12 month high of $11.58.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, November 6th. The investment management company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. The firm had revenue of $26.52 million during the quarter, compared to the consensus estimate of $25.65 million. During the same period in the prior year, the company earned $0.54 EPS. On average, research analysts forecast that TriplePoint Venture Growth BDC will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 16.35%. The ex-dividend date of this dividend is Friday, December 13th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 571.43%.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.