TriplePoint Venture Growth BDC’s (TPVG) Maintains Rating Reiterated at 92 Resources

92 Resources restated their maintains rating on shares of TriplePoint Venture Growth BDC (NYSE:TPVG – Get Rating) in a report published on Tuesday, Benzinga reports.

Other equities research analysts have also recently issued research reports about the company. JMP Securities reduced their price objective on TriplePoint Venture Growth BDC from $13.50 to $11.50 in a report on Tuesday. StockNews.com initiated coverage on shares of TriplePoint Venture Growth BDC in a research report on Thursday, May 18th. They set a sell rating for the company. LADENBURG THALM/SH SH lowered their price objective on shares of TriplePoint Venture Growth BDC from $14.50 to $13.50 in a research report on Thursday, May 4th. Wells Fargo & Company downgraded shares of TriplePoint Venture Growth BDC from an overweight rating to an equal weight rating and lowered their price target for the stock from $12.00 to $10.00 in a report on Thursday, May 4th. Finally, 22nd Century Group reiterated a downgrade rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $11.75.

TriplePoint Venture Growth BDC Trading Up 0.9 %

Shares of TPVG stock opened at $10.60 on Tuesday. The stock has a 50 day moving average of $11.32 and a two-hundred day moving average of $11.71. TriplePoint Venture Growth BDC has a 12 month low of $9.41 and a 12 month high of $15.24. The company has a market capitalization of $375.24 million, a P/E ratio of -18.93 and a beta of 1.74.

TriplePoint Venture Growth BDC (NYSE:TPVG – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The investment management company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.14. TriplePoint Venture Growth BDC had a positive return on equity of 16.27% and a negative net margin of 14.40%. The firm had revenue of $34.95 million during the quarter, compared to analysts’ expectations of $33.06 million. Sell-side analysts predict that TriplePoint Venture Growth BDC will post 2.06 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 15.09%. The ex-dividend date of this dividend is Wednesday, June 14th. TriplePoint Venture Growth BDC’s payout ratio is currently -285.71%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several large investors have recently made changes to their positions in TPVG. Captrust Financial Advisors purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at approximately $25,000. Belpointe Asset Management LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 4th quarter valued at $26,000. BNP Paribas Arbitrage SA acquired a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at $36,000. Lazard Asset Management LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at $39,000. Finally, Tower Research Capital LLC TRC grew its position in TriplePoint Venture Growth BDC by 28.7% during the 3rd 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 during the period. 20.93% of the stock is currently owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC Company Profile

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TriplePoint Venture Growth BDC Corp. (the “Company“) is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. It was formed to expand the venture growth stage business segment of its sponsor, TriplePoint Capital LLC (“TriplePoint Capital“).