TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives Consensus Rating of “” from Analysts

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have been given an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.

Analysts have set a 12-month consensus price objective of $13.25 for the company and are forecasting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given TriplePoint Venture Growth BDC Corp. an industry rank of 159 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on TPVG shares. Zacks Investment Research lowered TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. ValuEngine lowered TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd.

In other TriplePoint Venture Growth BDC Corp. news, President Sajal Srivastava purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average price of $13.10 per share, for a total transaction of $104,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.31% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of TriplePoint Venture Growth BDC Corp. by 1,418.6% in the second quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after buying an additional 17,037 shares during the period. Marshall Wace North America L.P. bought a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth approximately $565,000. SG Americas Securities LLC bought a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth approximately $354,000. Essex Investment Management Co. LLC boosted its position in shares of TriplePoint Venture Growth BDC Corp. by 116.2% in the second quarter. Essex Investment Management Co. LLC now owns 76,328 shares of the investment management company’s stock worth $1,016,000 after buying an additional 41,028 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth approximately $2,542,000. 42.80% of the stock is currently owned by institutional investors.

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TriplePoint Venture Growth BDC Corp. (TPVG) traded up 6.85% during midday trading on Wednesday, hitting $13.73. 261,910 shares of the stock traded hands. The company has a 50-day moving average of $13.14 and a 200-day moving average of $13.43. TriplePoint Venture Growth BDC Corp. has a 1-year low of $10.25 and a 1-year high of $14.41.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last announced its earnings results on Tuesday, August 8th. The investment management company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.23. The business had revenue of $15.68 million for the quarter, compared to analysts’ expectations of $11.49 million. TriplePoint Venture Growth BDC Corp. had a return on equity of 11.31% and a net margin of 47.29%. On average, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post $1.53 earnings per share for the current year.

TriplePoint Venture Growth BDC Corp. Company Profile

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

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