TriplePoint Venture Growth BDC (NYSE:TPVG) announced its earnings results on Monday. The investment management company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02), Bloomberg Earnings reports. TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%.
TriplePoint Venture Growth BDC (NYSE TPVG) traded up $0.15 during mid-day trading on Monday, reaching $11.80. 130,902 shares of the company traded hands, compared to its average volume of 84,000. The stock has a market cap of $206.34, a P/E ratio of 8.26, a PEG ratio of 0.81 and a beta of 1.35. TriplePoint Venture Growth BDC has a 52 week low of $11.11 and a 52 week high of $14.41.
TPVG has been the topic of several recent analyst reports. Compass Point raised shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. ValuEngine downgraded 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 raised 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 began coverage on shares of TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating on the stock.
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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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