Zacks: TriplePoint Venture Growth BDC Corp (TPVG) Receives Average Recommendation of “Buy” from Analysts

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

Brokers have set a one year consensus price objective of $13.75 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given TriplePoint Venture Growth BDC an industry rank of 209 out of 265 based on the ratings given to related companies.

A number of analysts recently commented on TPVG shares. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. ValuEngine cut shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Ladenburg Thalmann Financial Services started coverage on shares of TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating for the company.

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in TriplePoint Venture Growth BDC by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 455,672 shares of the investment management company’s stock worth $5,782,000 after purchasing an additional 27,200 shares in the last quarter. Bank of Montreal Can lifted its stake in TriplePoint Venture Growth BDC by 13.6% during the 4th quarter. Bank of Montreal Can now owns 217,800 shares of the investment management company’s stock valued at $2,764,000 after acquiring an additional 26,000 shares during the period. Delphi Management Inc. MA lifted its stake in TriplePoint Venture Growth BDC by 2.2% during the 4th quarter. Delphi Management Inc. MA now owns 184,286 shares of the investment management company’s stock valued at $2,339,000 after acquiring an additional 3,904 shares during the period. PVG Asset Management Corp lifted its stake in TriplePoint Venture Growth BDC by 3.7% during the 3rd quarter. PVG Asset Management Corp now owns 107,548 shares of the investment management company’s stock valued at $1,679,000 after acquiring an additional 3,880 shares during the period. Finally, BlackRock Inc. lifted its stake in TriplePoint Venture Growth BDC by 10.0% during the 4th quarter. BlackRock Inc. now owns 104,268 shares of the investment management company’s stock valued at $1,323,000 after acquiring an additional 9,461 shares during the period. Institutional investors own 33.73% of the company’s stock.

TriplePoint Venture Growth BDC (NYSE TPVG) traded up $0.30 during mid-day trading on Tuesday, reaching $12.50. 30,863 shares of the company were exchanged, compared to its average volume of 81,153. The firm has a market cap of $209.35, a PE ratio of 8.70, a PEG ratio of 0.83 and a beta of 1.23. TriplePoint Venture Growth BDC has a one year low of $11.60 and a one year high of $14.41.

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TriplePoint Venture Growth BDC Company Profile

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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