TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Given Average Rating of "Hold" by Analysts

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) have been given a consensus recommendation of "Hold" by the five analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.80.

A number of brokerages have recently issued reports on TPVG. StockNews.com raised TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Compass Point increased their price objective on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Piper Sandler boosted their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an "equal weight" rating in a report on Tuesday, November 19th.

TriplePoint Venture Growth BDC Stock Up 3.7 %

TriplePoint Venture Growth BDC stock traded up $0.27 on Thursday, hitting $7.60. The company's stock had a trading volume of 353,236 shares, compared to its average volume of 382,665. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $7.50. The firm has a market cap of $304.37 million, a P/E ratio of 36.19 and a beta of 1.90. TriplePoint Venture Growth BDC has a one year low of $6.44 and a one year high of $10.09.

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TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The business had revenue of $25.75 million during the quarter, compared to the consensus estimate of $26.68 million. TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. Analysts anticipate that TriplePoint Venture Growth BDC will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 15.79%. The ex-dividend date is Monday, March 17th. TriplePoint Venture Growth BDC's payout ratio is presently 146.34%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP increased its position in TriplePoint Venture Growth BDC by 6.5% in the 4th quarter. Two Sigma Advisers LP now owns 830,492 shares of the investment management company's stock valued at $6,129,000 after acquiring an additional 50,800 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of TriplePoint Venture Growth BDC by 21.9% during the fourth quarter. Two Sigma Investments LP now owns 678,034 shares of the investment management company's stock valued at $5,004,000 after purchasing an additional 122,039 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of TriplePoint Venture Growth BDC by 12.7% in the fourth quarter. Marshall Wace LLP now owns 364,591 shares of the investment management company's stock valued at $2,691,000 after purchasing an additional 40,952 shares in the last quarter. Legal & General Group Plc raised its position in TriplePoint Venture Growth BDC by 1.3% in the 4th quarter. Legal & General Group Plc now owns 264,486 shares of the investment management company's stock worth $1,951,000 after purchasing an additional 3,418 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in TriplePoint Venture Growth BDC by 35.5% during the 4th quarter. Trexquant Investment LP now owns 227,039 shares of the investment management company's stock worth $1,676,000 after buying an additional 59,462 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

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.