ValuEngine Downgrades Triplepoint Venture Growth BDC (TPVG) to Sell

ValuEngine downgraded shares of Triplepoint Venture Growth BDC (NYSE:TPVG) from a hold rating to a sell rating in a report issued on Friday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Triplepoint Venture Growth BDC from a buy rating to a hold rating in a report on Tuesday, November 6th. Wells Fargo & Co assumed coverage on Triplepoint Venture Growth BDC in a report on Thursday, September 20th. They issued an outperform rating and a $14.25 price target on the stock. Finally, Compass Point set a $14.00 price target on Triplepoint Venture Growth BDC and gave the stock a buy rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $14.06.

NYSE TPVG opened at $12.11 on Friday. Triplepoint Venture Growth BDC has a 12 month low of $11.11 and a 12 month high of $13.95. The company has a market capitalization of $293.02 million, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19.

Triplepoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, October 31st. The investment management company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. Triplepoint Venture Growth BDC had a return on equity of 11.43% and a net margin of 53.66%. The company had revenue of $17.68 million for the quarter, compared to analysts’ expectations of $15.47 million. As a group, analysts anticipate that Triplepoint Venture Growth BDC will post 1.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.89%. The ex-dividend date of this dividend is Thursday, November 29th. Triplepoint Venture Growth BDC’s payout ratio is 89.44%.

Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP bought a new stake in Triplepoint Venture Growth BDC in the 3rd quarter worth approximately $384,000. Virtu Financial LLC bought a new stake in Triplepoint Venture Growth BDC in the 3rd quarter worth approximately $391,000. Texas Yale Capital Corp. increased its stake in Triplepoint Venture Growth BDC by 84.4% in the 2nd quarter. Texas Yale Capital Corp. now owns 42,600 shares of the investment management company’s stock worth $530,000 after acquiring an additional 19,500 shares during the last quarter. West Family Investments Inc. bought a new stake in Triplepoint Venture Growth BDC in the 2nd quarter worth approximately $581,000. Finally, Resource America Inc. bought a new stake in Triplepoint Venture Growth BDC in the 3rd quarter worth approximately $843,000. 32.83% of the stock is currently owned by institutional investors and hedge funds.

Triplepoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

Read More: Asset Allocation Models, Which is Right For You?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Triplepoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triplepoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit