TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.50 and traded as low as $7.36. TriplePoint Venture Growth BDC shares last traded at $7.41, with a volume of 299,654 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on TPVG. Compass Point lifted their price objective on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Piper Sandler lifted their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, March 6th. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company raised their price objective 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. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.80.
Check Out Our Latest Analysis on TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC Price Performance
The stock's fifty day simple moving average is $7.77 and its 200-day simple moving average is $7.50. The stock has a market cap of $297.21 million, a P/E ratio of 35.26 and a beta of 1.90.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The company had revenue of $25.75 million for the quarter, compared to analyst estimates of $26.68 million. Analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.
TriplePoint Venture Growth BDC Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 16.21%. TriplePoint Venture Growth BDC's dividend payout ratio is presently 146.34%.
Institutional Investors Weigh In On TriplePoint Venture Growth BDC
Large investors have recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in TriplePoint Venture Growth BDC during the 4th quarter valued at $41,000. McIlrath & Eck LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the third quarter valued at about $51,000. EverSource Wealth Advisors LLC lifted its holdings in TriplePoint Venture Growth BDC by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company's stock worth $74,000 after purchasing an additional 2,000 shares during the period. Avenir Corp bought a new position in TriplePoint Venture Growth BDC in the 4th quarter valued at about $74,000. Finally, PharVision Advisers LLC acquired a new position in TriplePoint Venture Growth BDC during the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 12.77% of the company's stock.
TriplePoint Venture Growth BDC Company Profile
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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.
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