TriplePoint Venture Growth BDC Corp (NYSE:TPVG) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. TriplePoint Venture Growth BDC’s rating score has improved by 28.3% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $13.75 for the company and are anticipating that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TriplePoint Venture Growth BDC an industry rank of 205 out of 265 based on the ratings given to its competitors.

Several equities analysts have issued reports on the company. Ladenburg Thalmann Financial Services assumed coverage on TriplePoint Venture Growth BDC in a research report on Tuesday, December 12th. They set a “neutral” rating on the stock. Zacks Investment Research cut TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. ValuEngine cut TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Compass Point upgraded TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 28th.

Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) opened at $13.23 on Monday. The company has a market capitalization of $234.32, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.93 and a beta of 1.31. TriplePoint Venture Growth BDC has a one year low of $12.27 and a one year high of $14.41.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $10.42 million for the quarter, compared to analysts’ expectations of $11.22 million. TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%. analysts predict that TriplePoint Venture Growth BDC will post 1.64 EPS for the current year.

In other TriplePoint Venture Growth BDC news, CFO Andrew Olson bought 7,386 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were bought at an average price of $13.65 per share, for a total transaction of $100,818.90. Following the transaction, the chief financial officer now owns 7,386 shares of the company’s stock, valued at approximately $100,818.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Sajal Srivastava purchased 44,313 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average price of $13.65 per share, for a total transaction of $604,872.45. The disclosure for this purchase can be found here. Insiders have acquired a total of 73,855 shares of company stock worth $1,008,121 in the last quarter. 1.31% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPVG. Advisory Services Network LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 3,082.2% in the 2nd quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock worth $116,000 after acquiring an additional 8,476 shares during the period. Susquehanna International Group LLP grew its holdings in shares of TriplePoint Venture Growth BDC by 206.2% in the 2nd quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock worth $209,000 after acquiring an additional 30,510 shares during the period. GSA Capital Partners LLP grew its holdings in shares of TriplePoint Venture Growth BDC by 35.0% in the 2nd quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after acquiring an additional 4,100 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of TriplePoint Venture Growth BDC by 1,418.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after acquiring an additional 17,037 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth approximately $381,000. Institutional investors and hedge funds own 33.76% of the company’s stock.

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About TriplePoint Venture Growth BDC

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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