Ladenburg Thalmann Financial Services initiated coverage on shares of TriplePoint Venture Growth BDC (NYSE:TPVG) in a research report released on Tuesday morning, Marketbeat reports. The brokerage issued a neutral rating on the investment management company’s stock.

A number of other research analysts also recently issued reports on TPVG. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a neutral rating to a buy rating in a research note on Tuesday, November 28th. ValuEngine downgraded shares of TriplePoint Venture Growth BDC from a strong-buy rating to a buy rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research downgraded shares of TriplePoint Venture Growth BDC from a hold rating to a sell rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $14.00.

TriplePoint Venture Growth BDC (NYSE:TPVG) opened at $13.03 on Tuesday. TriplePoint Venture Growth BDC has a 12 month low of $11.66 and a 12 month high of $14.41. The company has a market cap of $229.71, a P/E ratio of 8.01, a PEG ratio of 0.79 and a beta of 1.31.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%. The business had revenue of $10.42 million during the quarter, compared to analysts’ expectations of $11.22 million. analysts anticipate that TriplePoint Venture Growth BDC will post 1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a yield of 11.05%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 102.13%.

In related news, CFO Andrew Olson acquired 7,386 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of $13.65 per share, for a total transaction of $100,818.90. Following the transaction, the chief financial officer now owns 7,386 shares of the company’s stock, valued at $100,818.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Sajal Srivastava acquired 44,313 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $13.65 per share, with a total value of $604,872.45. The disclosure for this purchase can be found here. Insiders purchased 73,855 shares of company stock valued at $1,008,121 in the last quarter. 1.31% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in shares of TriplePoint Venture Growth BDC by 3,082.2% during the 2nd quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock worth $116,000 after buying an additional 8,476 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of TriplePoint Venture Growth BDC by 206.2% during the 2nd quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock worth $209,000 after buying an additional 30,510 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of TriplePoint Venture Growth BDC by 35.0% during the 2nd quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after buying an additional 4,100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TriplePoint Venture Growth BDC by 1,418.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after buying an additional 17,037 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $354,000. Institutional investors and hedge funds own 33.79% of the company’s stock.

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About TriplePoint Venture Growth BDC

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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