TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives Average Recommendation of "Hold" from Brokerages

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.70.

Several research analysts have recently commented on the stock. StockNews.com raised shares of TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Piper Sandler lowered their target price on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a "neutral" rating for the company in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on 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. Keefe, Bruyette & Woods upgraded TriplePoint Venture Growth BDC from an "underperform" rating to a "market perform" rating and lowered their price objective for the stock from $8.00 to $7.50 in a research note on Thursday, November 7th. Finally, Compass Point raised their target price on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th.

Institutional Trading of TriplePoint Venture Growth BDC

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

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG stock traded up $0.07 during trading hours on Tuesday, hitting $7.58. 247,505 shares of the company were exchanged, compared to its average volume of 302,412. The stock has a market capitalization of $303.57 million, a price-to-earnings ratio of 36.10 and a beta of 1.88. TriplePoint Venture Growth BDC has a one year low of $6.44 and a one year high of $11.58. The business's 50-day simple moving average is $7.74 and its two-hundred day simple moving average is $7.58.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $26.52 million during the quarter, compared to the consensus estimate of $25.65 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. During the same period in the previous year, the business earned $0.54 EPS. As a group, analysts anticipate that TriplePoint Venture Growth BDC will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.83%. The ex-dividend date of this dividend was Friday, December 13th. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is 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.