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

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have earned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have covered the stock in the last year is $7.80.

A number of analysts have recently issued reports on the company. Compass Point boosted their price objective on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their price objective 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. Piper Sandler upped their price target on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Finally, StockNews.com upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th.

TriplePoint Venture Growth BDC Trading Up 1.6 %

Shares of NYSE TPVG opened at $7.39 on Thursday. The firm has a market capitalization of $296.49 million, a PE ratio of 35.18 and a beta of 1.90. TriplePoint Venture Growth BDC has a one year low of $6.44 and a one year high of $9.73. The business has a 50-day moving average price of $7.77 and a two-hundred day moving average price of $7.50.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $25.75 million during the quarter, compared to analyst estimates of $26.68 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. Research analysts anticipate that TriplePoint Venture Growth BDC will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 16.24%. TriplePoint Venture Growth BDC’s payout ratio is 146.34%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several hedge funds have recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in TriplePoint Venture Growth BDC in the 4th quarter valued at about $41,000. McIlrath & Eck LLC bought a new stake in TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $51,000. EverSource Wealth Advisors LLC increased its holdings in TriplePoint Venture Growth BDC by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company’s stock worth $74,000 after purchasing an additional 2,000 shares in the last quarter. Avenir Corp bought a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $74,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $83,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

About TriplePoint Venture Growth BDC

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.