TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives Consensus Rating of “Hold” from Brokerages

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.46.

TPVG has been the topic of several research reports. JMP Securities restated a “market outperform” rating and set a $11.50 price objective on shares of TriplePoint Venture Growth BDC in a report on Monday, August 21st. Compass Point raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $9.75 target price on the stock in a research note on Wednesday, August 23rd. Finally, StockNews.com began coverage on shares of TriplePoint Venture Growth BDC in a research note on Thursday, August 17th. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in TriplePoint Venture Growth BDC in the second quarter valued at about $25,000. Belpointe Asset Management LLC acquired a new position in TriplePoint Venture Growth BDC in the fourth quarter valued at about $26,000. BNP Paribas Arbitrage SA acquired a new position in TriplePoint Venture Growth BDC in the second quarter valued at about $36,000. Lazard Asset Management LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the first quarter worth approximately $39,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of TriplePoint Venture Growth BDC by 28.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,895 shares of the investment management company’s stock worth $42,000 after purchasing an additional 869 shares in the last quarter. 12.96% of the stock is currently owned by institutional investors and hedge funds.

TriplePoint Venture Growth BDC Stock Performance

NYSE:TPVG opened at $11.17 on Friday. The firm’s 50-day moving average is $11.67 and its 200-day moving average is $11.53. TriplePoint Venture Growth BDC has a 52-week low of $9.41 and a 52-week high of $13.64. The company has a market cap of $395.77 million, a price-to-earnings ratio of -16.18 and a beta of 1.75.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. TriplePoint Venture Growth BDC had a negative net margin of 18.39% and a positive return on equity of 18.00%. The company had revenue of $35.15 million for the quarter, compared to the consensus estimate of $37.86 million. Equities analysts predict that TriplePoint Venture Growth BDC will post 2.05 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.60 dividend on an annualized basis and a yield of 14.33%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently -231.88%.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.