TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $14.00 target price on the investment management company’s stock, down from their prior target price of $14.41. Compass Point’s target price would suggest a potential upside of 3.02% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 4th.

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded down 1.45% during mid-day trading on Tuesday, reaching $13.59. The company had a trading volume of 176,088 shares. The company has a 50 day moving average price of $13.30 and a 200 day moving average price of $13.50. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year high of $14.41.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.32 by $0.23. TriplePoint Venture Growth BDC Corp. had a net margin of 56.60% and a return on equity of 13.05%. The company had revenue of $15.68 million for the quarter, compared to analyst estimates of $11.49 million. Analysts forecast that TriplePoint Venture Growth BDC Corp. will post $1.69 EPS for the current fiscal year.

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In other news, President Sajal Srivastava acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $13.10 per share, for a total transaction of $104,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.31% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of TriplePoint Venture Growth BDC Corp. during the first quarter worth $159,000. Wells Fargo & Company MN increased its position in shares of TriplePoint Venture Growth BDC Corp. by 12.9% in the first quarter. Wells Fargo & Company MN now owns 388,439 shares of the investment management company’s stock worth $5,415,000 after buying an additional 44,399 shares during the period. UBS Group AG increased its position in shares of TriplePoint Venture Growth BDC Corp. by 11.4% in the first quarter. UBS Group AG now owns 485,854 shares of the investment management company’s stock worth $6,772,000 after buying an additional 49,816 shares during the period. Bank of Montreal Can purchased a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth $2,542,000. Finally, Essex Investment Management Co. LLC increased its position in shares of TriplePoint Venture Growth BDC Corp. by 116.2% in the second quarter. Essex Investment Management Co. LLC now owns 76,328 shares of the investment management company’s stock worth $1,016,000 after buying an additional 41,028 shares during the period. Institutional investors and hedge funds own 38.30% 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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