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

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) has been given an average recommendation of "Reduce" by the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.79.

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price target on TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Compass Point reduced their price objective on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. UBS Group dropped their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Piper Sandler reduced their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an "underweight" rating on the stock in a research note on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP boosted its position in shares of TriplePoint Venture Growth BDC by 6.5% during the fourth quarter. Two Sigma Advisers LP now owns 830,492 shares of the investment management company's stock valued at $6,129,000 after buying an additional 50,800 shares during the period. Two Sigma Investments LP lifted its holdings in 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 worth $5,004,000 after buying an additional 122,039 shares during the period. Marshall Wace LLP boosted its position in TriplePoint Venture Growth BDC by 12.7% during 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 grew its position in shares of 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 buying an additional 3,418 shares during the last quarter. Finally, Trexquant Investment LP grew its stake 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 during the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG stock traded up $0.10 during trading hours on Friday, reaching $6.31. 222,010 shares of the company traded hands, compared to its average volume of 388,732. The firm has a 50-day moving average price of $6.93 and a 200 day moving average price of $7.34. The company has a market cap of $253.26 million, a P/E ratio of 30.05 and a beta of 1.65. TriplePoint Venture Growth BDC has a 12-month low of $5.53 and a 12-month high of $9.70.

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

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 19.02%. The ex-dividend date was Monday, March 17th. TriplePoint Venture Growth BDC's payout ratio is 146.34%.

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.