According to Zacks, “TriplePoint Venture Growth BDC Corp. is an externally managed, 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 backed by a select group of leading venture capital investors. TriplePoint Venture Growth BDC Corp. is based in United States. “
Several other equities analysts have also recently weighed in on TPVG. Wells Fargo & Co lifted their target price on Triplepoint Venture Growth BDC from $15.00 to $16.00 and gave the company an outperform rating in a research note on Thursday, September 19th. ValuEngine cut Triplepoint Venture Growth BDC from a hold rating to a sell rating in a research note on Saturday, December 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $16.38.
NYSE:TPVG opened at $13.91 on Friday. Triplepoint Venture Growth BDC has a fifty-two week low of $11.89 and a fifty-two week high of $17.17. The stock’s 50-day moving average is $14.26 and its two-hundred day moving average is $15.34. The stock has a market cap of $346.61 million, a PE ratio of 8.13, a price-to-earnings-growth ratio of 2.78 and a beta of 1.01.
Triplepoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, November 6th. The investment management company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.13). Triplepoint Venture Growth BDC had a net margin of 50.68% and a return on equity of 11.00%. The business had revenue of $15.69 million for the quarter, compared to analysts’ expectations of $19.27 million. Sell-side analysts forecast that Triplepoint Venture Growth BDC will post 1.52 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.44 annualized dividend and a dividend yield of 10.35%. Triplepoint Venture Growth BDC’s dividend payout ratio is 84.21%.
Institutional investors have recently made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in shares of Triplepoint Venture Growth BDC during the 3rd quarter valued at about $132,000. Stifel Financial Corp acquired a new stake in shares of Triplepoint Venture Growth BDC during the 3rd quarter valued at about $182,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Triplepoint Venture Growth BDC during the 3rd quarter valued at about $183,000. Virtu Financial LLC acquired a new stake in shares of Triplepoint Venture Growth BDC during the 3rd quarter valued at about $198,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Triplepoint Venture Growth BDC during the 2nd quarter valued at about $177,000. Institutional investors and hedge funds own 30.99% of the company’s stock.
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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