TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Thursday.

TPVG has been the topic of several other reports. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. Janney Montgomery Scott initiated coverage on shares of TriplePoint Venture Growth BDC Corp. in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.83.

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) opened at 10.59 on Thursday. TriplePoint Venture Growth BDC Corp. has a 1-year low of $8.83 and a 1-year high of $12.65. The company’s 50-day moving average is $11.22 and its 200 day moving average is $10.81.

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TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last posted its quarterly earnings results on Monday, August 8th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. TriplePoint Venture Growth BDC Corp. had a positive return on equity of 9.91% and a negative net margin of 3.69%. Equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post $1.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Wednesday, August 31st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.60%. The ex-dividend date of this dividend was Monday, August 29th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio (DPR) is -1,309.09%.

In other TriplePoint Venture Growth BDC Corp. news, insider Sajal Srivastava purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average cost of $11.02 per share, with a total value of $77,140.00. Following the completion of the purchase, the insider now directly owns 107,643 shares in the company, valued at approximately $1,186,225.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.27% of the company’s stock.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its stake in shares of TriplePoint Venture Growth BDC Corp. by 16.9% in the second quarter. GSA Capital Partners LLP now owns 13,800 shares of the investment management company’s stock valued at $146,000 after buying an additional 2,000 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new stake in shares of TriplePoint Venture Growth BDC Corp. during the second quarter valued at approximately $203,000. Essex Investment Management Co. LLC increased its stake in shares of TriplePoint Venture Growth BDC Corp. by 3.6% in the second quarter. Essex Investment Management Co. LLC now owns 40,873 shares of the investment management company’s stock valued at $433,000 after buying an additional 1,434 shares during the last quarter. Buckhead Capital Management LLC increased its stake in shares of TriplePoint Venture Growth BDC Corp. by 17.7% in the second quarter. Buckhead Capital Management LLC now owns 60,400 shares of the investment management company’s stock valued at $640,000 after buying an additional 9,100 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of TriplePoint Venture Growth BDC Corp. by 40.4% in the second quarter. JPMorgan Chase & Co. now owns 63,730 shares of the investment management company’s stock valued at $675,000 after buying an additional 18,336 shares during the last quarter. 54.41% of the stock is owned by institutional investors and hedge funds.

About TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

5 Day Chart for NYSE:TPVG

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