TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) was upgraded by Compass Point to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also recently weighed in on TPVG. Janney Montgomery Scott initiated coverage on shares of TriplePoint Venture Growth BDC Corp. in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $13.00 price objective for the company. Zacks Investment Research cut shares of TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. One 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 has an average rating of “Hold” and a consensus target price of $12.83.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) opened at 10.59 on Thursday. TriplePoint Venture Growth BDC Corp. has a 12-month low of $8.83 and a 12-month high of $12.65. The company’s 50 day moving average price is $11.22 and its 200-day moving average price is $10.81.

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

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

In related news, insider Sajal Srivastava bought 8,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were acquired at an average price of $11.54 per share, for a total transaction of $92,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.27% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its stake in 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 period. Nuveen Fund Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC Corp. during the second quarter valued at $203,000. Essex Investment Management Co. LLC raised its stake in 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 period. Buckhead Capital Management LLC raised its stake in 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 period. Finally, JPMorgan Chase & Co. raised its stake in 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 period. Hedge funds and other institutional investors own 54.41% of the company’s stock.

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.

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