TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Given Average Recommendation of “Hold” by Analysts

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.70.

TPVG has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. Compass Point boosted their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Piper Sandler cut their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Keefe, Bruyette & Woods raised shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $8.00 to $7.50 in a research report on Thursday, November 7th. Finally, StockNews.com raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

TriplePoint Venture Growth BDC Trading Down 0.5 %

Shares of NYSE TPVG opened at $7.52 on Tuesday. The stock has a market cap of $301.17 million, a price-to-earnings ratio of 35.81 and a beta of 1.88. The company’s 50-day moving average price is $7.72 and its 200 day moving average price is $7.59. TriplePoint Venture Growth BDC has a 52 week low of $6.44 and a 52 week high of $11.58.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $26.52 million during the quarter, compared to analysts’ expectations of $25.65 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, research analysts expect that TriplePoint Venture Growth BDC will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 15.96%. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 571.43%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quarry LP bought a new stake in shares of TriplePoint Venture Growth BDC in the second quarter worth $35,000. McIlrath & Eck LLC acquired a new position in TriplePoint Venture Growth BDC during the 3rd quarter worth $51,000. EverSource Wealth Advisors LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth about $62,000. Diversify Wealth Management LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at about $82,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of TriplePoint Venture Growth BDC during the third quarter worth about $83,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.