Somewhat Critical Press Coverage Somewhat Unlikely to Impact TRIPLEPOINT VEN/COM (TPVG) Stock Price
News articles about TRIPLEPOINT VEN/COM (NYSE:TPVG) have trended somewhat negative recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TRIPLEPOINT VEN/COM earned a coverage optimism score of -0.04 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 46.8058328255398 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Financial Review: TRIPLEPOINT VEN/COM (TPVG) vs. Golub Capital BDC (GBDC) (americanbankingnews.com)
- TRIPLEPOINT VEN/COM (TPVG) versus Prospect Capital (PSEC) Critical Comparison (americanbankingnews.com)
- Head-To-Head Survey: TRIPLEPOINT VEN/COM (TPVG) & Pennantpark Floating Rate Capital (PFLT) (americanbankingnews.com)
- Contrasting Stellus Capital Investment (SCM) & TRIPLEPOINT VEN/COM (TPVG) (americanbankingnews.com)
TPVG stock traded up $0.26 during mid-day trading on Thursday, hitting $12.73. 998 shares of the company were exchanged, compared to its average volume of 81,802. The company has a market capitalization of $219.59 million, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.85 and a beta of 1.21. TRIPLEPOINT VEN/COM has a 1-year low of $11.11 and a 1-year high of $14.19.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 11.31%. TRIPLEPOINT VEN/COM’s dividend payout ratio is currently 89.44%.
Several analysts have commented on TPVG shares. Zacks Investment Research upgraded shares of TRIPLEPOINT VEN/COM from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, March 15th. ValuEngine downgraded shares of TRIPLEPOINT VEN/COM from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods started coverage on shares of TRIPLEPOINT VEN/COM in a report on Monday, April 16th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.
TRIPLEPOINT VEN/COM Company Profile
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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