ValuEngine downgraded shares of Triplepoint Venture Growth BDC (NYSE:TPVG) from a hold rating to a sell rating in a research report released on Monday, ValuEngine reports.

Several other research analysts have also recently issued reports on TPVG. Zacks Investment Research raised Triplepoint Venture Growth BDC from a hold rating to a buy rating and set a $9.50 price target for the company in a research note on Tuesday, March 17th. LADENBURG THALM/SH SH raised Triplepoint Venture Growth BDC from a neutral rating to a buy rating and set a $13.50 price target for the company in a research note on Thursday, March 5th. JMP Securities started coverage on Triplepoint Venture Growth BDC in a research note on Tuesday, January 14th. They issued an outperform rating and a $15.50 price target for the company. Finally, Wells Fargo & Co decreased their price target on Triplepoint Venture Growth BDC from $14.50 to $13.75 and set an overweight rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Triplepoint Venture Growth BDC has a consensus rating of Buy and an average price target of $13.00.

Shares of TPVG opened at $5.40 on Monday. The company has a market cap of $156.11 million, a P/E ratio of 4.19 and a beta of 1.03. The stock has a fifty day moving average price of $11.39 and a 200 day moving average price of $14.24. Triplepoint Venture Growth BDC has a 12 month low of $2.80 and a 12 month high of $17.17.

Triplepoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings data on Wednesday, March 4th. The investment management company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Triplepoint Venture Growth BDC had a return on equity of 11.27% and a net margin of 43.28%. The firm had revenue of $21.27 million during the quarter, compared to the consensus estimate of $20.01 million. Equities analysts predict that Triplepoint Venture Growth BDC will post 1.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 26.67%. The ex-dividend date of this dividend is Friday, March 13th. Triplepoint Venture Growth BDC’s dividend payout ratio is 93.51%.

In related news, CFO Christopher M. Mathieu bought 5,000 shares of Triplepoint Venture Growth BDC stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average cost of $5.40 per share, with a total value of $27,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in Triplepoint Venture Growth BDC by 18.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,301 shares of the investment management company’s stock worth $72,000 after acquiring an additional 832 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Triplepoint Venture Growth BDC by 126.9% during the 4th quarter. Bank of America Corp DE now owns 5,490 shares of the investment management company’s stock worth $78,000 after purchasing an additional 3,070 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Triplepoint Venture Growth BDC during the 4th quarter worth about $116,000. Greenwich Investment Management Inc. purchased a new stake in shares of Triplepoint Venture Growth BDC during the 4th quarter worth about $155,000. Finally, Raymond James & Associates acquired a new position in shares of Triplepoint Venture Growth BDC during the 4th quarter valued at about $178,000. 25.82% of the stock is owned by hedge funds and other institutional investors.

Triplepoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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Analyst Recommendations for Triplepoint Venture Growth BDC (NYSE:TPVG)

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