TriplePoint Venture Growth BDC (NYSE:TPVG) Upgraded at StockNews.com

TriplePoint Venture Growth BDC (NYSE:TPVG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other research analysts have also issued reports about the company. Piper Sandler reduced their price target on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and cut their target price for the company from $8.00 to $7.50 in a research note on Thursday, November 7th. Wells Fargo & Company decreased their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Finally, LADENBURG THALM/SH SH lowered shares of TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.50 to $8.00 in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.65.

TriplePoint Venture Growth BDC Trading Up 0.1 %

Shares of TPVG stock opened at $7.90 on Friday. The stock has a market capitalization of $316.39 million, a price-to-earnings ratio of 37.62 and a beta of 1.80. TriplePoint Venture Growth BDC has a twelve month low of $6.44 and a twelve month high of $11.58. The stock has a fifty day simple moving average of $7.04 and a two-hundred day simple moving average of $8.00.

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

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of large investors have recently bought and sold shares of the company. Paloma Partners Management Co acquired a new stake in TriplePoint Venture Growth BDC during the 1st quarter worth about $184,000. B. Riley Wealth Advisors Inc. raised its position in TriplePoint Venture Growth BDC by 10.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 48,852 shares of the investment management company’s stock valued at $511,000 after acquiring an additional 4,512 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in TriplePoint Venture Growth BDC by 19.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 19,064 shares of the investment management company’s stock valued at $153,000 after acquiring an additional 3,100 shares during the period. Commonwealth Equity Services LLC boosted its position in TriplePoint Venture Growth BDC by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 31,132 shares of the investment management company’s stock worth $250,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of TriplePoint Venture Growth BDC by 16.4% during the 2nd quarter. Van ECK Associates Corp now owns 846,716 shares of the investment management company’s stock worth $6,799,000 after purchasing an additional 119,184 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.