TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Given Consensus Rating of “Hold” by Brokerages

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is $7.70.

TPVG has been the subject of several research analyst reports. Compass Point increased their price objective on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. 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 research report on Tuesday, November 19th. Piper Sandler reduced their target price on shares of 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. StockNews.com raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $8.00 to $7.50 in a research note on Thursday, November 7th.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of large investors have recently modified their holdings of the business. Quarry LP acquired a new position in TriplePoint Venture Growth BDC during the second quarter worth $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth $62,000. McIlrath & Eck LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at about $51,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at about $83,000. Finally, Diversify Wealth Management LLC purchased a new stake in TriplePoint Venture Growth BDC during the third quarter worth about $82,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE:TPVG opened at $7.52 on Tuesday. TriplePoint Venture Growth BDC has a 12 month low of $6.44 and a 12 month high of $11.58. The firm has a market capitalization of $301.17 million, a P/E ratio of 35.81 and a beta of 1.88. The company’s fifty day moving average price is $7.72 and its 200 day moving average price is $7.59.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $26.52 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $0.54 earnings per share. On average, sell-side analysts anticipate that TriplePoint Venture Growth BDC will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 15.96%. TriplePoint Venture Growth BDC’s payout ratio is currently 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.